Breakout Stock Of The Day – Power Grid Corporation of India Ltd

POWERGRID

Breakout Stock Of The Day – Power Grid Corporation of India Ltd CMP: Around ₹313-314 Sector: Power / Transmission Why POWERGRID Looks Strong? ✅ Stock has given a breakout above short-term resistance zone near ₹315. ✅ Strong bullish candle with rising volumes indicates fresh buying interest. ✅ PSU and power sector momentum continues to remain strong. ✅ Stock is trading above key moving averages, showing positive trend structure. ✅ Relative strength is improving compared to Nifty. Technical Setup Immediate Support: ₹310 Strong Support: ₹300 Breakout Zone: ₹315 Target 1: ₹330 Target 2: ₹345 Stop Loss: ₹304 Trading View If the stock sustains above ₹315, momentum can continue towards ₹330–345 levels in coming sessions. Power sector stocks are witnessing accumulation and POWERGRID remains one of the strongest low-beta momentum counters in the PSU space.