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Tradersasi23
Nov 19, 2020 10:27 AM

Powergrid - Crazy trade - 6 months of resistance 

POWER GRID CORPNSE

Description

That was a crazy trade for the day. Price tries to break six months of resistance but unable to hold the momentum and falls back below the resistance levels at the end.

Gap down open was another reason for the bulls to fail, actually bulls are exhausted after reaching the resistance levels were bears took total control. Good example for Fake out.

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Comment

Price retesting the breakout level, possible up movement.
Comments
viplavankur
What are you analysing for tomorrow???
Tradersasi23
@viplavankur, bunch of chart !!! :)
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