WaveTalks

Power Grid -Power can go off between 212-220-Crab in the circuit

Short
WaveTalks Updated   
NSE:POWERGRID   POWER GRID CORP
18
Be careful, crab in the circuit can trouble & take the power away from power grid. 212-220 Zone is crucial resistance & Break of rising trendline can be the signal of power loss.

Any move above 220 on sustained basis only can give us a clue that crabs can't do anything.
Trade active:
11:05 Hrs 21st June2017

Last Price@206

Started its fall from the zone 212-220 from the highs of 215
Going below Monthly red rising trendline can make the case more stronger for downside.
Holding on 205-206 - looks partial profit to be booked & re-enter on bounce to sell again later or below 205.
Trade active:
19:08 Hrs 21st June2017

Last Price@205.70

Selling Below - 202

Buying Above 207.55 for 210-211

If Bounces from 204 or just below 204 & crosses 207.55 then it can extend to 210-211 Zone

Bullish Cypher in place close to 203-204.50 Zone


Best Regards,
Abhishek H. Singh
​Growth Director - TradingView India

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