POWERGRID Price has bounced strongly from the recent lows and is now forming higher highs, indicating improving bullish momentum.Looking for a move towards 267.90, with the stop-loss at 253.10. The setup will be invalidated on a candle closing below the red stop line.
I always look for setups with a reasonable risk-to-reward ratio. Proper risk management and position sizing matter more than any individual trade.
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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.