POWERGRID - Consolidation Breakout

NSE: POWERGRID is closing with a bullish candle supported with high volumes.

Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.

The stock has been moving along with the trendline support over the past few days which is creating the up trend.

One can look for a 8% to 12% gain on deployed capital in this swing trade.

The view is to be discarded in the event of the stock breaking previous swing low.

#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade

Disclaimer:

This is for educational purposes only.