Short Powergrid

٦ أكتوبر ٢٠٢٢

Daily chart indicates 20 DMA closing near 200 DMA from above implying weakness. The stock failed to hold at 200 DMA but failed and forming LL for past 3 sessions even when market is in uptrend showing underperformance. RSI too showing bearish trend. Immediate target is 203 then 200.