Powergrid is showing a wonderful short opportunity on 1Hr TF
Reason 1- Reversal from Support turned Into resistance region as marked in the chart
Reason 2 - Struggling to Cross 200 , Reversal were seen earlier
Reason 3- Unlike Nifty it did not show any Bullishness during today’s market hours
I have shorted Mar future contract at 268.40 . Keeping SL at 274 approx
Reason 1- Reversal from Support turned Into resistance region as marked in the chart
Reason 2 - Struggling to Cross 200 , Reversal were seen earlier
Reason 3- Unlike Nifty it did not show any Bullishness during today’s market hours
I have shorted Mar future contract at 268.40 . Keeping SL at 274 approx
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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.