Stock analysis Power Grid Corporation of India Limited POWERGRID

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Moving Averages for Power Grid Corporation of India Limited

5Day Average: 286.87
12Day Average: 281.96
20Day Average: 279.83
50Day Average: 279.49
100Day Average: 260.22
150Day Average: 241.4
200Day Average: 242.47

POWERGRID Indicators & signals

Indicator MACD (12,26,9)

283.35, 280.12, 1.75
Indicator MACD is in positive zone

Indicator ADX (14)

36.26, 34.11, 15.96
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 47
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of POWERGRID Power Grid Corporation of India Limited are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
25 Thu Apr 2024	293.30	289.25 to 294.50	1%	1.29 times
24 Wed Apr 2024	290.40	284.40 to 291.85	1.77%	1.13 times
23 Tue Apr 2024	285.35	280.70 to 287.15	0.6%	0.67 times
22 Mon Apr 2024	283.65	281.70 to 284.70	0.71%	0.88 times
19 Fri Apr 2024	281.65	274.70 to 282.25	0.55%	1.1 times
18 Thu Apr 2024	280.10	277.70 to 289.90	2.13%	2.99 times
16 Tue Apr 2024	274.25	271.25 to 275.55	0.07%	0.57 times
15 Mon Apr 2024	274.05	268.40 to 276.20	-0.44%	0.78 times
12 Fri Apr 2024	275.25	274.65 to 284.45	-2.58%	1.04 times
10 Wed Apr 2024	282.55	280.00 to 285.35	0.48%	0.52 times
09 Tue Apr 2024	281.20	281.00 to 284.35	-0.2%	0.34 times
08 Mon Apr 2024	281.75	279.05 to 284.20	1.2%	0.85 times

Technical analysis forecast of Power Grid Corporation of India Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Power Grid Corporation of India Limited POWERGRID at this time. Stock is rising and might rise more.

It appears as if Power Grid Corporation of India Limited POWERGRID gave a large move recently.

Stock of Power Grid Corporation of India Limited (POWERGRID) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

Although my analysis for Power Grid Corporation of India Limited is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 293.7, for a target of 286.9 or 281.18

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