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dhinesh

Study 1: Descending Triangle - POWER GRID

POWER GRID CORP (NSE:POWERGRID)  
dhinesh Updated   
NSE:POWERGRID   POWER GRID CORP
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This is Just for study purpose. Power Grid seems to be forming a descending triangle . Based on breakout, it can be a LONG position or SHORT position.
Comment:
Doesnot seems to be a breakout. Lets observe
Comment:
Strong support at 208. Let c if it breakouts for short.
Comment:
It is a breakout and lets c if it reaches target 192.
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