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Price and trend forecast of POWERGRID for Tomorrow, Weekly, Monthly

Power Grid Corporation of India Limited

Symbol: NSE:POWERGRID

ISIN: INE752E01010

321.45

As on 2024-06-13

190.65 (52W Low) 348.70 (52W High)

POWERGRID's Today's Performance

Power Grid Corporation of India Limited started the day by opening at 327.00 today 2024-06-13. Its shares reached a high of 327.95 and dipped to a low of 320.65 in intraday. When the markets closed, POWERGRID’s stock price settled at ₹321.45 per share. Also check out its key support and resistance levels.

POWERGRID Buy/Sell Targets

Tomorrow, sell POWERGRID when its price reaches ₹ 321.45 with a stop-loss order at ₹ 325.13. You can set the target price as ₹ 317.78 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of POWERGRID for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for POWERGRID

Downside Targets Value in ₹
Tomorrow Down Target 1 326
Tomorrow Down Target 2 331
Tomorrow Down Target 3 333

Important Levels for POWERGRID

Holding Levels Value in ₹
Tomorrow Up Target 1 319
Tomorrow Up Target 2 316
Tomorrow Up Target 3 311
Based on where the stock opens tomorrow, if POWERGRID opens on a positive note, our first target will be ₹326. If Target 1 is achieved, we will aim for Target 2 which is ₹331.

But if POWERGRID falls below the average value of ₹323.35, you can enter a sell side position with target number 1 - ₹319 and second target - ₹316 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of POWERGRID

Looking at POWERGRID, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, POWERGRID has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for POWERGRID is moderate bullish.

Tomorrow's Volume based share price Forecast for POWERGRID

POWERGRID's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is 46%.

Reversal detection for POWERGRID

Predicted trend chart of POWERGRID tomorrow for price forecast
POWERGRID may trend may continue to be bearish since stock is making lower low and we can get target of ₹323 in morning tomorrow
Target 1 tomorrow326
Target 2 tomorrow328
Target 3 tomorrow331
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with POWERGRID's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if POWERGRID opens on a positive note, our first target will be ₹326.05. If Target 1 is achieved, we will aim for Target 2 which is ₹330.65.

But if POWERGRID falls below the average value of ₹323.35, you can enter a sell side position with target number 1 - ₹318.75 and second target - ₹316.05

POWERGRID's Weekly Targets
1st Up Target 329.07
2nd Up Target 336.68
1st Down Target 312.72
2nd Down Target 303.98

As the week for POWERGRID ended on bullish sentiments, we can expect further continuation of this sentiment. POWERGRID's initial target will be 329.07 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 312.72 in the upcoming week.

Weekly OHLC Values
Open 313.00
High 327.95
Low 311.60
Close 321.45

Week for POWERGRID started with an open price of 313.00, and the close was at 321.45. POWERGRID reached the highest of 327.95 and dipped lowest up to 311.60 last week. This indicates a bullish sentiment for the week.

POWERGRID full month swing targets
Monthly Up Target 1 345.42
Monthly Up Target 2 353.03
Monthly Down Target 1 296.37
Monthly Down Target 2 271.28

Targets of ₹345.42 can be expected to be reached in the coming month. Once POWERGRID achieved this target, we can aim for the next upside target of ₹353.03.

POWERGRID if fails to hold upside, down targets of ₹296.37 and ₹271.28 can be achieved by end of this month.

For complete three weeks if POWERGRID is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as POWERGRID

Symbol Name Industry
NTPC NTPC Limited Utilities - Regulated Electric
ADANIGREEN Adani Green Energy Limited Utilities - Renewable
POWERGRID Power Grid Corporation of India Limited Utilities - Regulated Electric
ADANIPOWER Adani Power Limited Utilities - Independent Power Producers
TATAPOWER Tata Power Company Limited Utilities - Independent Power Producers

Summary

POWERGRID is expected to reach the target of 326.05 in tomorrow's trading session.

After achieving the initial target in POWERGRID, we will aim for higher targets of 330.65 tomorrow.

However, if POWERGRID starts to trade below ₹323.35, then we will shift our focus to the sell side and aim for down targets of 318.75 and 316.05.