POWERGRID is closed at 103.30. it
has closed a 2.20 % down with a big red decisive bar. This decision bar clearly
indicates a downward momentum will continue in this stock. These indications
are clearly visible in the chart below, in price as well as in indicator too. One
can initiate
a short position in this stock below 103 for the targets of 101
and 99.70. a strict Stop Loss must be maintained at 105.
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