Stock of the day : Power Grid Corporation of India Ltd For Target Rs. 342

2024-11-22 10:44:19 am | Source: Religare Broking

Stock of the day : Power Grid Corporation of India Ltd For Target Rs. 342 - Religare Broking

News By Tags | #PowerGridCorporationofIndiaLtd #PowerSector #BrokingFirmViewsReport #QuarterlyResult #ReligareBrokingLtd

Power Grid Corporation of India Ltd

* POWERGRID has formed a base and rebounded post, forming 50% retracement and multiple inside bars.

* Stock has reclaimed its 100 DEMA post-consolidation, taking major support at its long-term moving average.

* Expect the stock to continue its bullish reversal, keeping 100 DEMA as an important support.

* Traders are recommended to stay on longs and play for follow-on bounce in the mentioned range.

Buy Power Grid Corporation of India Ltd CMP 325.90 Range 324-326 SL 317 Target 342

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Stock of the day : Power Grid Corporation of India Ltd For Target Rs. 342 - Religare Broking

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