2024-11-12 10:22:24 am | Source: Religare Broking
Stock of the day : Power Grid Corporation of India Ltd For Target Rs. 346 - Religare Broking
Power Grid Corporation of India Ltd
* POWERGRID volume delta denotes positive momentum.
* Stock continuously traded in a steady uptrend. A mild correction was seen testing its major supports.
* The day price action suggests rigid bounce from the over-sold zones and closed with positive bias.
* Support at 200 EMA formed a double bottom and rebounded from the same levels.
* Stock likely to stay positive and momentum to continue above 100 EMA, i.e., 325 level.
Buy Power Grid Corporation of India Ltd CMP 331 Range 329-332 SL 320 Target 346
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