This analysis outlines potential price movements for POWERGRID, identifying key levels for both bullish (upward) and bearish (downward) trends, along with associated entry points, targets, and risk management considerations.
Bullish Outlook
For a bullish scenario, we'd be looking for POWERGRID to show sustained strength above certain price points.
* Initial Strength: If the stock manages to sustain above the 297 to 305 range, it could indicate an initial upward momentum. However, entering at this stage is considered risky for those seeking more confirmation.
* Intermediate Targets & Safer Entry: A clearer bullish signal would emerge if the stock can then move past and sustain above the 334 to 341 zone. If it further sustains above 356 for two weeks, this would be considered a safer entry point for investors.
* Potential Targets:
* From these levels, initial price targets could be around 421, followed by 487.
* Should the stock sustain above the 596 to 618-633 range for one to two weeks, we could expect further significant upside.
* In such a scenario, targets of 844 to 900 become plausible
* Long-Term Potential: For long-term investors, if the stock continues to demonstrate strong upward momentum and sustains above 900, there's a significant long-term target of around 2,700, potentially achievable over a 9-10 year horizon.
Bearish Outlook
Conversely, a bearish scenario would involve the stock falling below critical support levels.
* Swing Trade Exit: If POWERGRID sustains below 275, it's advisable for swing traders to exit their positions.
* Further Declines: If the stock sustains below 275 for two to three days, we could see it drop to 253, and then further to 231. The 231 level is considered a good support, with a suggested stop-loss (SL) at 209 to manage risk.
* Strong Support for Long-Term: A level of around 188 is considered a very good support for long-term investors, with a recommended stop-loss (SL) at 166.
* Increased Bearishness: If the stock falls below 166, it would signal a more bearish outlook for POWERGRID.
**Consider some Points buffer in above levels
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
Bullish Outlook
For a bullish scenario, we'd be looking for POWERGRID to show sustained strength above certain price points.
* Initial Strength: If the stock manages to sustain above the 297 to 305 range, it could indicate an initial upward momentum. However, entering at this stage is considered risky for those seeking more confirmation.
* Intermediate Targets & Safer Entry: A clearer bullish signal would emerge if the stock can then move past and sustain above the 334 to 341 zone. If it further sustains above 356 for two weeks, this would be considered a safer entry point for investors.
* Potential Targets:
* From these levels, initial price targets could be around 421, followed by 487.
* Should the stock sustain above the 596 to 618-633 range for one to two weeks, we could expect further significant upside.
* In such a scenario, targets of 844 to 900 become plausible
* Long-Term Potential: For long-term investors, if the stock continues to demonstrate strong upward momentum and sustains above 900, there's a significant long-term target of around 2,700, potentially achievable over a 9-10 year horizon.
Bearish Outlook
Conversely, a bearish scenario would involve the stock falling below critical support levels.
* Swing Trade Exit: If POWERGRID sustains below 275, it's advisable for swing traders to exit their positions.
* Further Declines: If the stock sustains below 275 for two to three days, we could see it drop to 253, and then further to 231. The 231 level is considered a good support, with a suggested stop-loss (SL) at 209 to manage risk.
* Strong Support for Long-Term: A level of around 188 is considered a very good support for long-term investors, with a recommended stop-loss (SL) at 166.
* Increased Bearishness: If the stock falls below 166, it would signal a more bearish outlook for POWERGRID.
**Consider some Points buffer in above levels
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.