Weekly Chart #POWERGRID NSE: POWERGRID Short Term Quick Profit CMP 236.25 Target : 258 SL : 226 Timeframe < 30 Days Can hold for longer time
The BONUS: The stock is picked up not for this small target. The Long Term Target is a lot more This might take around 9-12 months from now. ITS A BULL MARKET RALLY. Bullish on whole INDIA! Corrections and then higher highs again. Factors: Inverted Head & Shoulder Pattern Forming Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming.
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Small Correction Daily Chart it is Not Weekly Chart.
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