Powergrid rising channel...
Powergrid is in the 5th wave on larger timeframe.
It is in correction phase right now on daily timeframe and good to take support around the rectangle box,then move upside for higher targets.
Any closure below the rectangle will put an end to the upside momentum and start it's journey towards the lower line of the channel.
Stay safe and trade safe.
Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.
It is in correction phase right now on daily timeframe and good to take support around the rectangle box,then move upside for higher targets.
Any closure below the rectangle will put an end to the upside momentum and start it's journey towards the lower line of the channel.
Stay safe and trade safe.
Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.
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