POWERGRID – BEARISH– DOW – BELOW 182 – SL232 – TARGET – 132

[Ravi]

Trade Plan – Symbol : POWERGRID – Direction – Short- Entry Below 182 – Stop Loss – 232 – Target – 132

Volume from seller sees gradual increase from September.

Even though it looks like Higher Top, it is a formation of Lower Top followed by lower bottom.

 

[EQSIS]

Kindly cut the unnecessary space in the chart image…

[Ravi]

picture croped.

[Ravi]

Current trend is Lower Top Bottom – Lower Bottom and expected to be in that range for next couple of weeks.

The analysis is based on the  support from seller side (volume)

[Ravi]

The above analysis is further supported with larger set of data for a period > 2 years.

[Author]

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