Powergrid Long opportunity

POWERGRID
Stock -> Powergrid

TimeFrame -> Weekly

Hello all!

Powergrid has been moving in a channel since November 2020. It's now back on its lower channel trendline and has shown a good bounceback, making it a good opportunity to go long!

There are multiple confluences that strengthen my conviction:
-Support from both 50-week EMA and 50-daily EMA.
-Support from 200-day EMA
-Stock trading above its support zone

*NOT A CALL*