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POWER GRID CORP. LTD.
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POWERGRID - very bearish after breaking out of double top

Por peace_lover
  • DOUBLE TOP BREAKOUT -

    price of POWERGRID has recently broken out of a perfect double top pattern indicating strong downward pressure for the stock
    snapshot
  • MORNING STAR CANDLESTICK -

    price has formed a morning star candlestick pattern at the last peak indicating bearish momentum for the stock

  • CROSSED BELOW 200D SMA -

    the price has also recently crossed below 200D sma which is an indicator of strong downside pressure for the stock.


TARGET -

the price will go till 301.9 level
Candlestick AnalysisDouble Top or BottomMoving Averages
peace_lover
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