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MARKET OUTLOOKPOWERGRIDSTOCK OUTLOOK

Power Grid Outlook for the Week (August 14, 2023 – August 18, 2023)

Power Grid closed the previous week on a negative note losing 3.70%.

Technically, Power Grid share price will see immediate support at 239.72 and immediate resistance would be seen at 248.92.

If Power Grid share price closes below immediate support of 239.72, then sharp breakdown can be seen. Power Grid share price will see major support at 235.13 for the week.

On the positive side, immediate resistance will be seen at 248.92. Closing above 248.92, Power Grid share price will see a sharp breakout. Major resistance for Power Grid share price will be seen at 253.53 for the week.

Trading range for Power Grid share price for this week should be between 230.52 on down side and 258.12 on up side.

Power Grid Previous Week High: 248.95

Power Grid Previous Week Low: 239.75

Power Grid Previous Week Range: 9.2 Points

Power Grid share price support and resistance for the week (August 14, 2023 – August 18, 2023)

Level Type Value
Resistance 3 258.12
Resistance 2 253.53
Resistance 1 248.92
Support 1 239.72
Support 2 235.13
Support 3 230.52

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