"POWERGRID PA Trouble at all time high" by trader koolshanin — published 2016-12-17

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POWER GRID CORP (NSE:POWERGRID)

NSE:POWERGRID POWER GRID CORP

Trend Lines FLAG Parallel Channel

trendline flag parallelchannel

POWERGRID after recently making 52W high is facing trouble at highs and currently trading in a bulls flag in Daily charts . RSI price negative divergence was observed near highs and RSI is continuing to trend lower.

POWERGRID can be shorted near TL or below 180 for 173/170 tgt . SL above the trendline or above 195

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