Power Grid Corporation of India

563
📈 Trend
Primary Trend: Bullish to Neutral
Long-Term Structure: Higher highs and higher lows remain intact unless major support is broken.
Momentum: Watch for volume expansion above resistance.
🟢 Support Levels
S1: Previous swing low / 20 EMA
S2: 50 EMA & demand zone
S3: Major monthly support (strong buying area)
🔴 Resistance Levels
R1: Recent swing high
R2: Previous breakout zone
R3: All-time/high-timeframe resistance
Trading Scenarios

Bullish

Buy on breakout above recent swing high with strong volume.
Targets:
Target 1: Next resistance
Target 2: Previous major high
Target 3: Fresh highs if momentum continues

Bearish

If price closes below the 50 EMA with high volume:
Expect a move toward the next support.
Avoid aggressive buying until price reclaims support.
Indicators to Watch
20 EMA: Short-term trend
50 EMA: Swing support
200 EMA: Long-term trend
RSI: Above 60 = bullish momentum
MACD: Bullish crossover adds confirmation
Volume: Breakouts should be supported by above-average volume
Trading Plan
Entry: Breakout or pullback to support.
Stop Loss: Below the nearest swing low.
Target: Minimum Risk:Reward of 1:2 or better.
Confirmation: Wait for candle close and volume confirmation before entering.

Pernyataan Penyangkalan

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