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| Item Details | Price | ||
|---|---|---|---|
Stock name: Power Grid Corp.
Pattern: Retest of the breakout
Time frame: Weekly
Observation:
The stock has been in an uptrend since the Covid lows were formed and had gone into a consolidation for the last one year. Very recently, the stock has broken out of the said range and is currently doing re-test of the breakout point. As per technical analysis, if price holds the breakout point, it may shows trend continuation on the upside.
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Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.
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