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MARKET OUTLOOKPOWERGRIDSTOCK OUTLOOK

Power Grid Outlook for the Week (May 13, 2024 – May 17, 2024)

Power Grid
Power Grid
Power Grid closed the previous week on a negative note losing 6.05%.

Technically, Power Grid share price will see immediate support at 293.57 and immediate resistance would be seen at 312.37.

If Power Grid share price closes below immediate support of 293.57, then sharp breakdown can be seen. Power Grid share price will see major support at 283.38 for the week.

On the positive side, immediate resistance will be seen at 312.37. Closing above 312.37, Power Grid share price will see a sharp breakout. Major resistance for Power Grid share price will be seen at 320.98 for the week.

Trading range for Power Grid share price for this week should be between 274.77 on down side and 331.17 on up side.

Power Grid Previous Week High: 310.8

Power Grid Previous Week Low: 292

Power Grid Previous Week Range: 18.8 Points

Power Grid share price support and resistance for the week (May 13, 2024 – May 17, 2024)

Level Type Value
Resistance 3 331.17
Resistance 2 320.98
Resistance 1 312.37
Support 1 293.57
Support 2 283.38
Support 3 274.77
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{"buy_point":[{"en_ltd":"2024-04-18","en_sup_p_91":"279.40","en_sup_t_91":"276.03","prev_close":"274.25","en_close":"280.10","new_date":"Apr 18","prev_close_no":274}],"sell_point":[{"en_ltd":"2024-05-07","en_sup_p_91":"304.21","en_sup_t_91":"309.99","prev_close":"306.85","en_close":"295.25","new_date":"May 7","prev_close_no":306},{"en_ltd":"2024-04-12","en_sup_p_91":"276.01","en_sup_t_91":"286.56","prev_close":"282.55","en_close":"275.25","new_date":"Apr 12","prev_close_no":282}]}

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