POWERGRID is in its support region and there is a resistance from above also. So, if it break out the above pink line with heavy green candle than it may go UP
if it breaks the below support region than it may go down.
If you look properly, this same pattern is repeated multiple times in Powergrid.
This is just my analysis
Price exactly rejected as expected from the previous high after breaking the channel for the second time which denotes price is strongly bullish.
Now price might take support from 173 levels or channel bottom. Look for it and go long to make some bucks.