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 20-30% position at C.M.P if price opens gap up. To play even safer, enter with full position after retrace and confirmation.
Targets: 3500/4000/4200+
sl below the channel (below 2580)
Position size according to entry price. HAPPY TRADING!
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