Date 09.03.2025
Power Grid
Timeframe : Day Chart
Technical Remark :
1 Currently under descending broadening wedge pattern
2 Neckline is at 270 & below that strong trend based support of a trendline
3 Breakout - Once exit neckline + cross above rsi 55 mean reversion. Target 15%-30%
4 Breakdown - Once goes below trendline. Target 15%-30%
About Company
1 Power Grid is a Maharatna CPSU and India’s largest electric power transmission company.
2 Government of India holds a 51.34% stake in the company.
3 Total order book of Rs. 86,700 Cr with more than 80% for Renewable Energy evacuation
Business Segments
1 Transmission (95%)
2 Telecom Business (2%)
3 Consultancy Services & Other (3%)
Emerging Business Areas
1 Renewable Energy - Its first large-scale grid-connected Solar PV Project with an 85 MW capacity at Nagda, Madhya Pradesh, is scheduled to become operational during FY25
2 BESS - Company is exploring the Battery Energy Storage Systems business.
3 Green Hydrogen - Aims to enter the field of Green Hydrogen and develop Data Centers. Company has initiated a pilot project on Green Hydrogen at Neemrana and establishment of a pilot Data Center in Manesar, Gurugram.
Regards,
Ankur
Power Grid
Timeframe : Day Chart
Technical Remark :
1 Currently under descending broadening wedge pattern
2 Neckline is at 270 & below that strong trend based support of a trendline
3 Breakout - Once exit neckline + cross above rsi 55 mean reversion. Target 15%-30%
4 Breakdown - Once goes below trendline. Target 15%-30%
About Company
1 Power Grid is a Maharatna CPSU and India’s largest electric power transmission company.
2 Government of India holds a 51.34% stake in the company.
3 Total order book of Rs. 86,700 Cr with more than 80% for Renewable Energy evacuation
Business Segments
1 Transmission (95%)
2 Telecom Business (2%)
3 Consultancy Services & Other (3%)
Emerging Business Areas
1 Renewable Energy - Its first large-scale grid-connected Solar PV Project with an 85 MW capacity at Nagda, Madhya Pradesh, is scheduled to become operational during FY25
2 BESS - Company is exploring the Battery Energy Storage Systems business.
3 Green Hydrogen - Aims to enter the field of Green Hydrogen and develop Data Centers. Company has initiated a pilot project on Green Hydrogen at Neemrana and establishment of a pilot Data Center in Manesar, Gurugram.
Regards,
Ankur
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.