Power Grid – Fresh Breakout Setup (Daily Chart)

📊 Power Grid – Fresh Breakout Setup (Daily Chart) After a prolonged consolidation phase, the stock has given a strong move from the ₹245–₹250 demand zone and is now sustaining above key moving averages. 🔎 Technical Observations: Clear higher low formation near ₹245 Strong volume expansion during breakout Price trading above 20 EMA & short-term resistance MACD bullish crossover with momentum expansion RSI sustaining above 60–70 zone (strength confirmation) 🔑 Key Levels: Immediate Support: ₹280 Strong Support: ₹270 Breakout Zone: ₹300–₹305 Upside Potential (if sustained): ₹340–₹360 zone 🚀 Sustained closing above ₹300–₹305 can trigger momentum continuation toward higher targets. Structure currently supports bullish bias. ⚠️ Manage risk below ₹270 on daily closing basis. For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS