Buy Power Grid Ltd For Target Rs.228 - Religare Broking
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Power Grid Ltd
* POWERGRID has been holding strong despite the ongoing corrective phase.
* Consolidating in a range i.e. 200-235 levels while trading within a triangle formation.
* Holding strongly above the major moving averages. The recent price action is pointing towards a breakout soon.
* We thus suggest initiating fresh longs in the mentioned range.
Buy Power Grid Ltd CMP 219.20; Range 216-218; SL 212; Target 228
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