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MARKET OUTLOOKPOWERGRIDSTOCK OUTLOOK

Power Grid Outlook for the Week (October 16, 2023 – October 20, 2023)

Power Grid
Power Grid
Power Grid closed the previous week on a negative note losing 4.27%.

Technically, Power Grid share price will see immediate support at 196.23 and immediate resistance would be seen at 204.88.

If Power Grid share price closes below immediate support of 196.23, then sharp breakdown can be seen. Power Grid share price will see major support at 190.67 for the week.

On the positive side, immediate resistance will be seen at 204.88. Closing above 204.88, Power Grid share price will see a sharp breakout. Major resistance for Power Grid share price will be seen at 207.97 for the week.

Trading range for Power Grid share price for this week should be between 187.58 on down side and 213.53 on up side.

Power Grid Previous Week High: 202.4

Power Grid Previous Week Low: 193.75

Power Grid Previous Week Range: 8.65 Points

Power Grid share price support and resistance for the week (October 16, 2023 – October 20, 2023)

Level Type Value
Resistance 3 213.53
Resistance 2 207.97
Resistance 1 204.88
Support 1 196.23
Support 2 190.67
Support 3 187.58
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{"buy_point":[{"en_ltd":"2023-10-12","en_sup_p_91":"199.39","en_sup_t_91":"195.88","prev_close":"198.50","en_close":"200.75","new_date":"Oct 12","prev_close_no":198},{"en_ltd":"2023-09-18","en_sup_p_91":"197.96","en_sup_t_91":"192.46","prev_close":"194.10","en_close":"200.10","new_date":"Sep 18","prev_close_no":194},{"en_ltd":"2023-09-01","en_sup_p_91":"251.98","en_sup_t_91":"243.20","prev_close":"244.55","en_close":"252.20","new_date":"Sep 1","prev_close_no":244}],"sell_point":[{"en_ltd":"2023-10-05","en_sup_p_91":"197.84","en_sup_t_91":"201.78","prev_close":"199.00","en_close":"196.60","new_date":"Oct 5","prev_close_no":199},{"en_ltd":"2023-09-12","en_sup_p_91":"191.79","en_sup_t_91":"202.68","prev_close":"198.38","en_close":"191.30","new_date":"Sep 12","prev_close_no":198}]}

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