POWER GRID
- Stock currently facing golden ratio resistance at current level @ 139, technical chart indicates stock to favor bulls once closes above 139 and stays above, if holds above 139 then will find next resistance around 146 its previous top.
- Intraday close watch once stock starts trading above 139 during market hours, if holds above then intraday bulls action is expecting.
- Stock is also holds above its 20 DMA , this will favor bulls to take upwards as long as its holding 20 DMA.
- Stock is also stuck in a range bound zone, upper side will find resistance around 139 and support @ 127, when stock comes our from its range then sharp movement is expecting. Close Watch.
- Suggested Article - Fundamental Analysis Of Stocks.
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