POWERGRID - very bearish after breaking out of double top
- DOUBLE TOP BREAKOUT -
price of
POWERGRID has recently broken out of a perfect double top pattern indicating strong downward pressure for the stock - MORNING STAR CANDLESTICK -
price has formed a morning star candlestick pattern at the last peak indicating bearish momentum for the stock - CROSSED BELOW 200D SMA -
the price has also recently crossed below 200D sma which is an indicator of strong downside pressure for the stock.
TARGET -
the price will go till 301.9 level
My Social Media links :
📥 Telegram - t.me/Sagar_TradeMaster
📥 Instagram - instagram.com/sagar_trademaster/
📥 Youtube - youtube.com/@TruthfulTrader
📥 Telegram - t.me/Sagar_TradeMaster
📥 Instagram - instagram.com/sagar_trademaster/
📥 Youtube - youtube.com/@TruthfulTrader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.