Power Grid - Basic Technical Analysis Applied

 Daily Chart

• Power Grid after being in corrective phase has broken out of a lower trending slope from support Zone.

• Applying Simple basic technical analysis tools do help sometimes but the key is identification and application.

• Trendlines can be drawn from any give two peaks or bottoms but choosing of the key points and where more points coincide and where the significance of cluster zone would be is the key to effective application. 

•    Identification key support and resistance Zones along with basic support and trendlines can be effective tools for trend identification.

To Know more about counts and where probably markets are heading towards , educate yourself  with us from simple to advanced concepts as,

 "If You cant explain it simply, you don't understand it yourself" - Albert Einstein.

Raju V Angadi

Equity Research Analyst

To Learn simplified objective approach applying Advanced concepts of Elliot Wave Theory in conjunction with Dow Theory & Psychological traits to trade with some common sense & optimize your investment / trading decisions contact on:

For Bangalore, India Workshops on Technical Analysis Contact on:

 rvangadi@googlemail.com