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POWER GRID CORP. LTD.
Short

POWERGRID - very bearish after breaking out of double top

343
  • DOUBLE TOP BREAKOUT -

    price of POWERGRID has recently broken out of a perfect double top pattern indicating strong downward pressure for the stock
    snapshot
  • 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
peace_lover
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Also on:
Candlestick AnalysisDouble Top or BottomMoving Averages

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.
Candlestick AnalysisDouble Top or BottomMoving Averages
peace_lover
My Social Media links :

📥 Telegram - t.me/Sagar_TradeMaster
📥 Instagram - instagram.com/sagar_trademaster/
📥 Youtube - youtube.com/@TruthfulTrader
Also on:

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.