Sell Power Grid, target Rs 185: Rudra Shares

The stock has started trading below 20-Day Moving Average and RSI is suggesting that momentum is likely on the downside, says Rudra Shares & Stock Brokers.

Moneycontrol Contributor

January 14, 2019 / 11:19 IST

26 Aug, 2025 12:21

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Rudra Shares & Stock Brokers

Power Grid has been trading in a range for the last few weeks and recently formed a bearish candlestick pattern at higher band of the range. It is showing a reversal pattern after testing resistance of 100-day Moving Average.

On the daily chart, the stock has started trading below 20-Day Moving Average and RSI is suggesting that momentum is likely on the downside and short term trade-able correction is expected in the counter.

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Moneycontrol Contributor

first published: Jan 14, 2019 11:19 am

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