Power Grid has been following Elliot Wave counts perfectly. The charts hint Elliot wave counts of Power Grid is in a complex correction in the form of Wave III of (4). After making a top near 227 in August 2017 as shown in the charts below.

Weekly Chart

The 21-month correction in the stock probably has come to an end after broadly trading in the range from 225-175.

Thus from now stock could head north and is having a high probability of making all time highs which could yield 35-40% returns with a stop loss of 8-10%. Therefore it makes the stock a good investment idea for medium term.

Though it is always important to use combination simple along with
advanced techniques to get confirmation for trade setup. Hence, the
power of simple patterns along with the application of [P] square Elliot Waves will
provide the objectivity. As the combination of multiple tools and
appropriate risk and money management strategies is key to successful

 Thus, there is a big STAR trading opportunity in short, medium and long term coming up for the stock keep you fingers crossed.

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