Bullish breakout seen in POWERGRID with high volume.  Long positions can be created with indicated values.—————————————————————————————–
Stock Ticker – NSE: POWERGRID – Power Grid Corporation of India Ltd. – ENERGY
Bullish Trade plan:
Entry Level 203 Target 208 Stoploss 197
Analyst Rating – :5/5
View Posted on 2020-01-20

5 Comments
  1. Naresh 4 years ago

    Hi sir,
    On the breakout day, the buyers were present early in the period, but by the end of the session the sellers had pushed the price back to the open which is indicates the selling pressure so, it may be a false breakout, let’s see what happens next.

  2. Author
    Rajkumar Dhandapani 4 years ago

    Yes Naresh, selling pressure is found in today’s session. I would watch out.

  3. Author
    Rajkumar Dhandapani 4 years ago

    This seems to be a false breakout and stop loss triggered today.

  4. Author
    Rajkumar Dhandapani 4 years ago

    Thanks Naresh, I am tracking this regularly and keep updating the exit criteria in my analysis

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