Power Grid Weekly Outlook and Analysis:

For the Week: (July 31, 2023 – August 04, 2023)

Power Grid closed the previous week on a negative note losing 7.01%

Technically, Power Grid share price will see immediate support at 246.98 and immediate resistance would be seen at 265.28

If Power Grid share price closes below immediate support of 246.98, then sharp breakdown can be seen. Power Grid share price will see major support at 235.77 for the week.

On the positive side, immediate resistance will be seen at 265.28. Closing above 265.28, Power Grid share price will see a sharp breakout. Major resistance for Power Grid share price will be seen at 272.37 for the week.

Trading range for Power Grid share price for this week should be between 228.68 on down side and 283.58 on up side.

Power Grid Previous Week High: 261.15

Power Grid Previous Week Low: 242.85

Power Grid Previous Week Range: 18.3 Points

Power Grid share price support and resistance for the week (July 31, 2023 – August 04, 2023)