Live
- Thane factory blast toll climbs to 8; Eknath Shinde says hazardous units to be relocated
- Lengthy election schedule planned to serve PM Modi's self-propaganda: Mamata Banerjee
- Toolkit against certain business activities of Adani Group exposed
- Union Minister Anurag Thakur slams Sukhu govt, accuses it of spreading propaganda on Hamirpur medical college
- Boxing Olympic Qualifiers: Panghal, Nishant get easy draws as Indian pugilists eye 10 Paris Olympic berths
- Modi govt never waived farm loans, Priyanka Gandhi claims in Haryana
- Turkey mulls 'foreign influence' law despite opposition criticism
- South Korea reports first 'highly pathogenic' bird flu case in more than three months
- J&K: Campaigning ends in Anantnag-Rajouri LS constituency, voting on May 25
- Six examination centers in Nagarkurnool district to Polycet
PL Technical Research: BUY POWERGRID - MEDIUM TERM TECH PICK
Prabhudas Lilladher Pvt Ltd
Highlights
PL Technical Research: Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher Pvt.
PL Technical Research: Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher Pvt.
BUY POWER GRID CMP: 247 TRGT: 270 SL: 235 - MEDIUM TERM TECH PICK - The stock after the short correction has consolidated and taken support near the lower base of the channel pattern on the daily chart near 239 levels and shown signs of improvement in the bias to anticipate for further rise. The RSI also is well placed after the short dip and has indicated a trend reversal to signal a buy with immense upside potential visible. With the chart looking good, we suggest to buy and accumulate the stock for an upside target of 270 keeping the stop loss at 235.
Next Story
ADVERTISEMENT
