Technical Analysis of POWER GRID (Power Grid Corp.)  on Indian Stock Market. 

1st October 2014

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Please  find below in the table the Technical Analysis of  Power Grid on daily charts. Power Grid Corp. a software share listed on National Stock Exchange of India and BSE.The date in table refers to closing of the stock on that day in cash market and not future market. It means that the page is valid for next working day. The close refers to the closing price of the stock on NSE (National Stock Exchange of India). The Trend refers to the daily trend of the stock and not intraday but one may trade intraday based on it There are two ways of using the information mentioned. If you are a slightly longer term investor, you may go on holding the stock in long if trend is up or you may go on holding the stock in short position if trend is down. If you are a short term trader you may use the below paragraph information and play for small moves.

 

POWER GRID

    Date      

30th September 2014

Close 135.2
Trend Not Clear
Support
Resistance
 Stop loss
 


How to trade according to the data mentioned above

  • If an entry is made in front of support and the close is above the support, it means that one can buy the stock intraday during market hours at support and put an appropriate stop loss mentioned below. Once you have bought the stock intraday, put the Stop Loss accordingly mentioned and sell it before the market closes.

  • If an entry is made in front of resistance and the close is less then resistance, it means that one can short the stock intraday during market hours at resistance and put an appropriate stop loss mentioned below. At close one should cover if one is an intraday trader.

  •  If we do not find the stock giving clear signal for intraday trading, than we will leave the support or resistance field empty. 

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