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Powergrid RSI Bearish Divergence at Resistance Zone

Short
POWER GRID CORP (NSE:POWERGRID)  
vt_trader  
NSE:POWERGRID   POWER GRID CORP
Trend Analysis Chart Patterns Technical Indicators POWERGRID powergrid_short NIFTY nifty50 rsi_divergence rsi_overbought supportandresistancezones swingtrading swingtrade
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trendanalysis chartpattern indicator powergrid powergrid_short nifty nifty50 rsi_divergence rsi_overbought supportandresistancezones swingtrading swingtrade
Powergrid is near the resistance zone, the price is making higher high while the RSI is flat this is clear sign of RSI Bearish Divergence.

Entry
We can go short when price make strong bearish candle near the resistance zone.

Stoploss
Stoploss above the resistance zone.

Target
Target will be the next nearest support zone.


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