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MARKET OUTLOOKPOWERGRIDSTOCK OUTLOOK

Power Grid Outlook for the Week (January 29, 2024 – February 02, 2024)

Power Grid
Power Grid
Power Grid closed the previous week on a negative note losing 5.51%.

Technically, Power Grid share price will see immediate support at 237.43 and immediate resistance would be seen at 251.13.

If Power Grid share price closes below immediate support of 237.43, then sharp breakdown can be seen. Power Grid share price will see major support at 229.37 for the week.

On the positive side, immediate resistance will be seen at 251.13. Closing above 251.13, Power Grid share price will see a sharp breakout. Major resistance for Power Grid share price will be seen at 256.77 for the week.

Trading range for Power Grid share price for this week should be between 223.73 on down side and 264.83 on up side.

Power Grid Previous Week High: 248.7

Power Grid Previous Week Low: 235

Power Grid Previous Week Range: 13.7 Points

Power Grid share price support and resistance for the week (January 29, 2024 – February 02, 2024)

Level Type Value
Resistance 3 264.83
Resistance 2 256.77
Resistance 1 251.13
Support 1 237.43
Support 2 229.37
Support 3 223.73
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{"buy_point":[{"en_ltd":"2024-01-20","en_sup_p_91":"236.38","en_sup_t_91":"233.25","prev_close":"235.40","en_close":"237.20","new_date":"Jan 20","prev_close_no":235},{"en_ltd":"2023-12-28","en_sup_p_91":"234.57","en_sup_t_91":"231.20","prev_close":"234.05","en_close":"239.10","new_date":"Dec 28","prev_close_no":234}],"sell_point":[{"en_ltd":"2024-01-18","en_sup_p_91":"238.09","en_sup_t_91":"236.38","prev_close":"239.20","en_close":"233.45","new_date":"Jan 18","prev_close_no":239},{"en_ltd":"2023-12-20","en_sup_p_91":"228.92","en_sup_t_91":"236.94","prev_close":"233.55","en_close":"227.15","new_date":"Dec 20","prev_close_no":233}]}

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