Short term view - NATIONAL GRID : The RSI is rising.
Peaks and troughs overlap, they still define a bearish trend but it could also be an exhaustion. The next target is at 714.10 p. The invalidation level is above773.00 p.Arguments :
- The RSI is rising.
- The MACD is rising.
- The moving average is capping prices.
- Prices will test the quality of bearish gap. As long as it remains open, consequences will be bearish.
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