This is a structural update, not a directional call.
🔎 Overview
As part of the NIFTY 750 – Structure Census, this post reviews the long-term price structure of Power Grid Corporation of India Ltd using the earliest reliable monthly data. The objective is to document structural behaviour, not to forecast or recommend.
🧭 Structure Position
Price action shows a well-defined long-term rising channel, with multiple successful interactions along the lower boundary since the post-2009 regime shift.
The structure remains orderly, with corrections respecting the broader channel framework.
🌍 Market Context
PowerGrid exhibits characteristics typical of infrastructure-led secular movers:
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Gradual accumulation phases
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Trend persistence over multiple cycles
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Volatility expansion only during regime transitions
📐 Key Zones & Levels
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Primary structural support: Lower channel boundary (multi-year)
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Intermediate reaction zones: Prior consolidation shelves within the channel
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Upper reference: Channel resistance (contextual, not predictive)
🔄 Expected Behaviour
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As long as price remains within the rising channel, structure remains intact
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Deviations outside the channel would signal a structural change, not merely a correction
🚦 Invalidation / Risk Levels
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Sustained breakdown below the long-term channel would invalidate the current structural assessment
🧾 Conclusion
PowerGrid continues to display a long-term rising channel structure, assessed purely from price behaviour. This post documents structure only and forms part of the broader NIFTY 750 Market Structure Census.
#NIFTY750 #EquityStructure #MarketStructure #POWERGRID #IndianEquities #LongTermCharts #EWAVESJOURNAL
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