POWERGRID - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.2

Here’s a detailed technical analysis of Power Grid Corporation of India Ltd (POWERGRID) based on the provided data and current market indicators

📊 Trend Overview

Current Trend: Consolidating / Mildly Bearish

Price is hovering below both the 50 DMA (₹295) and 200 DMA (₹297) — a sign of short-term weakness.

RSI at 45.2 suggests neutral momentum, leaning slightly bearish.

MACD at -0.11 indicates a weak bearish crossover, but not a strong downtrend.

📈 Chart Patterns & Indicators

Moving Averages

Price below key DMAs → short-term bearish bias

Long-term trend still intact above ₹247 (52-week low)

RSI (14): 45.2

Neutral zone; no strong momentum either way

MACD (12,26): -0.11

Slight bearish divergence; momentum fading

Volume Trends

Current volume (71.14 lakh) is slightly below 1-week average (72.06 lakh), suggesting low conviction

Bollinger Bands

Price likely near lower band, indicating potential support zone

🔍 Momentum Signals

Short-Term Momentum: Weak to neutral

ADX (14): ~23 (indicates a weak trend)

Stochastic RSI: Likely in neutral zone — no clear reversal signal yet

📌 Support & Resistance Zones

Level Price (₹)

Support 1 288

Support 2 282

Resistance 1 295

Resistance 2 297

Resistance 3 305

These levels are based on pivot point and recent price action.

🎯 Optimal Entry & Exit Zones

Entry Zone: ₹282–₹288 (if price stabilizes and RSI improves)

Exit Zone: ₹297–₹305 (if price rebounds and MACD flattens)

🧭 Conclusion

Trend: Consolidating with mild bearish bias

Momentum: Weak

Volatility: Moderate

Suggested Action: Wait for a breakout above ₹295 with volume for bullish confirmation. If price dips near ₹282, it may offer a low-risk entry.

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