Overall Technical outlook

Price Summary

The stock of Power Grid Corporation of India Limited experienced a 2.59% surge, showcasing a impressive market performance.
2026-02-03, saw POWERGRID's stock open at 276.05, hit a peak of 284.5, fall to a low of 273.25, and close up 2.59% at 283.2, with 52647472 shares changing hands.
The stock reached its highest price of 320.0 and lowest price of 250.85 over the last 52 weeks.
The price projection is between 238.0 and 370.0, with an average expected price around 309.13043, according to 23 analysts.

Technicals

Support and Resistance: At 283.2, the price for POWERGRID is supported at 275.25 and resisted at 283.85. This indicates a trading range where 275.25 serves as a support level, potentially preventing further decline, while 283.85 could limit upward movement.
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Support/Resistance for POWERGRID


Aroon: The Aroon indicator shows a continued bullish trend, with Aroon Up staying at the 100 level. This sustained strength suggests a strong upward momentum. However, further analysis is required, especially when combined with other indicators, to confirm the trend's durability and potential future direction.
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Aroon chart for Power Grid Corporation of India Limited


Bol. Bands: The current price is positioned above the upper Bollinger Band, reflecting sustained upward momentum since its previous move. This could suggest that the asset is overbought, with traders potentially interpreting this as a sign of continued strength. However, the prolonged position above the band could also indicate that a correction or reversal is likely in the near future.
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Bolinger Bands chart for Power Grid Corporation of India Limited


Parabolic SAR: The PSAR's recent reversal from bearish to bullish may signal an upward trend for POWERGRID. When combined with other indicators, this change could indicate a strong bullish signal. Investors should consider this as a potential buying opportunity if the trend is supported by additional market indicators.
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Parabolic Stop and Reverse chart for Power Grid Corporation of India Limited


Stochastic: The current state of the STOCHASTIC is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty.
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Stochastic chart for Power Grid Corporation of India Limited


Tripple Moving Agerage: The Tripple MOVING AVG is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation.
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Tripple SMA chart for Power Grid Corporation of India Limited


A company's technical data, including stock price and trading volume, can provide valuable insights when considered alongside its fundamentals. These include financial performance, market share, and growth strategy, as well as broader industry dynamics. Examining these factors helps investors or analysts make more informed decisions, as the company's fundamentals offer context for understanding how and why certain technical patterns may emerge in the market.