Stock of the day : Power Grid Corporation of India Ltd For Target Rs. 342 - Religare Broking
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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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SEBI Registration number is INZ000174330
