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#POWERGRID - completion of a Diagonal Triangle

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POWER GRID CORP FUTURES (NSE:POWERGRID1!)  
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NSE:POWERGRID1!   POWER GRID CORP FUTURES
Elliott Wave Cup And Handle NIFTY POWERGRID indianstocks
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elliottwaves cupandhandle nifty powergrid indianstocks
The earlier posted cup and handle pattern on Powergrid has not materialised. The stock has moved sideways and the pattern now looks like a ending diagonal. On the long term charts the rally from Mar '20 can be counted as a completed 5 wave structure.
A break below the lower trendline of the diagonal pattern can accelerate a down move to 175 levels in short time.

Recent highs will be the stop loss for risk management
Michael @ SolomonsView

Twitter - @SolomonsView

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#POWERGRID breaking out of a cup and handle
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