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| Item Details | Price | ||
|---|---|---|---|
Technical Analysis of POWERGRID
Power Grid Corporation of India Ltd. (POWERGRID) began today's trading session with an opening price of ₹335.80. The stock experienced volatility throughout the day, hitting an intraday high of ₹337.70, indicating initial bullish sentiment. However, the stock was unable to maintain its upward momentum, eventually declining to an intraday low of ₹330.50 before closing at ₹331.60, down by ₹4.20 or 1.24% from its opening price.
Opening Price: ₹335.80
Closing Price: ₹331.60
Day Low: ₹330.50
Day High: ₹337.70
Going forward, the ₹330.50 support level will be critical for Power Grid Corporation. A breakdown below this level could lead to further downside, possibly testing the next support around ₹328. On the upside, if the stock manages to break above the ₹337.70 resistance, it could signal the resumption of the uptrend.
Canara Bank showed a relatively stable trading session today, with minimal price fluctuations throughout the day. The stock opened at ₹112.01 and closed slightly higher at ₹112.10, indicating a modest gain. The day's trading range was narrow, with a low of ₹111.81 and a high of ₹112.30, reflecting limited volatility.
Open Price: ₹112.01
Close Price: ₹112.10
Low Price: ₹111.81
High Price: ₹112.30
Canara Bank ended the day with a slight gain, closing at ₹112.10. The narrow trading range suggests that the market is in a wait-and-see mode, potentially gearing up for a more significant move in the coming sessions. Traders should keep an eye on the key support and resistance levels, along with volume, to assess the stock's next direction.
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Anil Hanegave
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