SolomonsView

#POWERGRID - completion of a Diagonal Triangle

Viés de baixa
NSE:POWERGRID1!   POWER GRID CORP FUTURES
The earlier posted cup and handle pattern on Powergrid has not materialised. The stock has moved sideways and the pattern now looks like a ending diagonal. On the long term charts the rally from Mar '20 can be counted as a completed 5 wave structure.
A break below the lower trendline of the diagonal pattern can accelerate a down move to 175 levels in short time.

Recent highs will be the stop loss for risk management

Michael @ SolomonsView

Twitter - @SolomonsView
Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.