good evening friends stock is forming M pattern and can show donwward journey if not sustain above 3430 that ath level.
See video for detailed analysis.
NSE:POWERINDIA Broke out of an ascending channel pattern. Price gave excellent momentum during breakout but it witnessed heavy selling pressure during market hours.
As a result, price left huge wick behind. Script should consolidate for some days before the next momentum candle because of the huge rejection at higher levels. Track closely.
Consider entering...