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MARKET OUTLOOKPOWERGRIDSTOCK OUTLOOK

Power Grid Outlook for the Week (August 07, 2023 – August 11, 2023)

Power Grid closed the previous week on a negative note losing 7.83%.

Technically, Power Grid share price will see immediate support at 239.97 and immediate resistance would be seen at 260.87.

If Power Grid share price closes below immediate support of 239.97, then sharp breakdown can be seen. Power Grid share price will see major support at 232.58 for the week.

On the positive side, immediate resistance will be seen at 260.87. Closing above 260.87, Power Grid share price will see a sharp breakout. Major resistance for Power Grid share price will be seen at 274.38 for the week.

Trading range for Power Grid share price for this week should be between 219.07 on down side and 281.77 on up side.

Power Grid Previous Week High: 267

Power Grid Previous Week Low: 246.1

Power Grid Previous Week Range: 20.9 Points

Power Grid share price support and resistance for the week (August 07, 2023 – August 11, 2023)

Level Type Value
Resistance 3 281.77
Resistance 2 274.38
Resistance 1 260.87
Support 1 239.97
Support 2 232.58
Support 3 219.07

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