* The stock is trending in narrow range with some positive momentum in the past two days indicating a breakout on the upside
* Due to recent reversal in the price, and the sector in trend we believe the stock could test the higher end of the long term average.
* Positive cross over in RSI and oversold on daily charts confirms a uptrend in the next few days.
* Long position can be initiated at 197-199 for the target of Rs 212 and with a stop loss of Rs 190
POWERGRID (LTP: 201) BUY For today’s trade, long position can be initiated at 197-199 for target of Rs 212 with a strict stop loss of Rs 190
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