Power Grid Corporation of India Ltd on a daily chart
stock price is making higher high pattern, with increase in volumes. Also, we
witnessed stock price is trading above the 20 DMA, indicate stock is well
placed above the support level. On daily chart stock price, has given the breakout
at Rs. 177 level, of downward sloping trend line, also we witnessed a double
bottom, indicate rally will continue towards north, which will take it towards
previous high swings.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs. 181 for the target of Rs.198 levels, with Rs 174 stop
loss on closing basis.
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