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jatin_agarwal

Power Grid Channel Support Broken

Short
POWER GRID CORP (NSE:POWERGRID)  
jatin_agarwal  
NSE:POWERGRID   POWER GRID CORP
Trend Analysis Technical Indicators Chart Patterns POWERGRID powergrid_short Parallel Channel support
2
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trendanalysis indicator chartpattern powergrid powergrid_short parallelchannel support
Like a lot of stocks in this correction and volatility, Power Grid has broken its long term support line. It is a SHORT/SELL. A Lower Top formation would give a clear sign of how long this correction can be. If however, the chart bounces back above its channel in the next 2-4 trading sessions, there might be some respite.
Jatin Agarwal
Founder and CIO at MoneyCraft (SEBI RIA)
Creator at The Bull of Dalal Street (YouTube Channel)
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