POWERGRID - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.8

Here’s a detailed technical analysis of Power Grid Corporation of India Ltd (POWERGRID)

📊 Trend Overview

Current Trend: The stock is in a mild uptrend, trading slightly above its 50-DMA (₹288) but below its 200-DMA (₹294). This suggests a potential base formation with early bullish signs.

52-Week Positioning: At 35.1% of its 52-week range (₹247 – ₹366), the stock is recovering from its lows but still far from its peak, indicating room for upside.

📈 Momentum Indicators

RSI (55.3): Neutral to bullish. Indicates moderate strength and room for further upside before entering overbought territory.

MACD (0.11): Slightly positive, suggesting early bullish crossover. Momentum is building but not yet strong.

Volume: Current volume (1.81 Cr.) is significantly above the 1-week average (1.22 Cr.), indicating strong participation and potential accumulation.

📉 Chart Patterns & Moving Averages

Price Action: The stock is consolidating near its moving averages, forming a potential ascending triangle. A breakout above ₹294–₹300 would confirm trend continuation.

Support Levels

₹288 – 50-DMA and immediate support

₹275 – recent swing low

Resistance Levels

₹294–₹300 – 200-DMA and short-term resistance

₹320–₹330 – previous consolidation zone

📌 Bollinger Bands

Price is near the middle band, with bands slightly expanding. This suggests building momentum and potential for a breakout if volume sustains.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 275–288 Near support and 50-DMA

Exit (Short) 294–300 Resistance zone, near 200-DMA

Exit (Long) 320–330 If breakout sustains above ₹300

🔍 Market Behavior

Trending: Mild uptrend, supported by volume and MACD.

Consolidating: Yes, price is range-bound between ₹275–₹300.

Reversing: Not currently. Indicators suggest continuation unless volume fades and RSI weakens.

🧠 Summary

POWERGRID is showing early signs of recovery with price action near key moving averages and improving momentum indicators. RSI and MACD support a bullish bias, and volume surge adds conviction. Traders may consider accumulating near ₹275–₹288 and watch for breakout above ₹300 for targets toward ₹330.

Let me know if you'd like to explore other high-dividend PSU stocks or breakout setups in the utilities sector.

Edit in a page