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Technicals for Power Grid Corporation of India Limited
By MusingTheNews
2025-06-13 20:50
Overall Technical outlook
Price Summary
On 2025-06-13, POWERGRID's stock started at 282.55, reached a high of 286.45, fell to 281.8, and ended 1.04% up at 285.5, with 16028086 shares traded. During the past 52 weeks, the highest stock price was 365.45, and the lowest was 250.85. 24 analysts forecast that the price of POWERGRID will range from 241.0 to 396.0, with an average expected price near 329.83334.
Technicals
Support and Resistance: The current price of 285.5 for POWERGRID finds support at 263.2 and resistance at 287.6. These levels define a range in which the price might oscillate, with 263.2 as a potential support and 287.6 as a resistance level. Support/Resistance for POWERGRID
Aroon: Aroon's bearish trend continues, with Aroon Down holding steady at the 100 level. This suggests ongoing weakness, but further exploration with other indicators is needed to fully assess the trend's implications. Aroon chart for Power Grid Corporation of India Limited
Bol. Bands: The price has crossed above the lower Bollinger Band in the latest move, after previously remaining below it. This upward crossover suggests that the market may be starting to recover from oversold conditions. The movement above the lower band indicates that the bearish pressure might be easing, potentially leading to a reversal or stabilization in the price action for POWERGRID. Bolinger Bands chart for Power Grid Corporation of India Limited
Parabolic SAR: The PSAR for POWERGRID continues to signal a bearish stance, reinforcing a resistance level that could restrict upward movement. This resistance suggests that the market may remain under bearish pressure, with limited potential for breaking higher. Parabolic Stop and Reverse chart for Power Grid Corporation of India Limited
Stochastic: The STOCHASTIC is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play. Stochastic chart for Power Grid Corporation of India Limited
Tripple Moving Agerage: The Tripple MOVING AVG is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play. Tripple SMA chart for Power Grid Corporation of India Limited
To accurately interpret a company's technical data, it is important to first examine its fundamentals. These include financial performance, management quality, and growth prospects. In addition, understanding the dynamics of the industry in which the company operates—such as competition, market trends, and regulatory factors—provides further insights. This combined analysis helps create a fuller picture, allowing for more precise conclusions to be drawn from the company's technical performance and stock behavior.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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