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MARKET OUTLOOKPOWERGRIDSTOCK OUTLOOK

Power Grid Outlook for the Week (August 21, 2023 – August 25, 2023)

Power Grid
Power Grid
Power Grid closed the previous week on a negative note losing 3.50%.

Technically, Power Grid share price will see immediate support at 237.80 and immediate resistance would be seen at 246.50.

If Power Grid share price closes below immediate support of 237.80, then sharp breakdown can be seen. Power Grid share price will see major support at 234.60 for the week.

On the positive side, immediate resistance will be seen at 246.50. Closing above 246.50, Power Grid share price will see a sharp breakout. Major resistance for Power Grid share price will be seen at 252.00 for the week.

Trading range for Power Grid share price for this week should be between 229.10 on down side and 255.20 on up side.

Power Grid Previous Week High: 248.8

Power Grid Previous Week Low: 240.1

Power Grid Previous Week Range: 8.7 Points

Power Grid share price support and resistance for the week (August 21, 2023 – August 25, 2023)

Level Type Value
Resistance 3 255.20
Resistance 2 252.00
Resistance 1 246.50
Support 1 237.80
Support 2 234.60
Support 3 229.10

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