⚡ POWERGRID Price Action Update $POWERGRID

⚡ POWERGRID Price Action Update Power Grid Corporation of India closed around ₹290.45 on 8 June 2026, gaining nearly 1.8% and outperforming both the broader market and several power-sector peers despite weakness in the indices. 📈 Technical View Stock has bounced from the recent support zone of ₹280–285. Immediate resistance lies near ₹293–295. A decisive breakout above ₹295 could trigger fresh momentum towards ₹305–310. Strong support remains at ₹280, followed by ₹272. 📊 Price Structure The stock is still trading below its 52-week high of ₹324.80, leaving room for recovery if buying momentum continues. Medium-term sentiment remains supported by the company's higher capex guidance and strong transmission sector outlook. Trading Strategy ✅ Buy on dips near ₹285–288 ✅ Positional target: ₹305 / ₹320 ✅ Stop-loss: ₹279 (closing basis) Stock Market Post ⚡ POWERGRID Showing Strength Amid Market Weakness! While benchmark indices remained under pressure, POWERGRID gained nearly 2% and outperformed most power-sector peers. The stock is witnessing buying interest near key support levels and is now approaching an important resistance zone around ₹295. A breakout above ₹295 may open the gates for ₹305–310 in the short term, while ₹280 remains a crucial support level for traders. 📌 Support: ₹280 📌 Resistance: ₹295 📌 Target: ₹305–310 📌 Stop Loss: ₹279 Power sector continues to benefit from India's expanding transmission infrastructure and capex-driven growth story.