In Adani Power chart I see two patterns... first one is bearish flag and another one is Cup and Handle pattern.
Bearish flag will become valid once it breaks down side of parallel channel and gives closing below that channel.
(Sl could be around 300 Levels.)
And if it gives CNH breakout entry will be abv 300 levels and targets will be around 340-360 levels.
(Sl for the same will be 275- 280 levels.)
Can keep it on radar.
Entry and exit will be on daily closing basis.
Views personal.
I Can go wrong.
Not a trading recommendation.
DYOR
Bearish flag will become valid once it breaks down side of parallel channel and gives closing below that channel.
(Sl could be around 300 Levels.)
And if it gives CNH breakout entry will be abv 300 levels and targets will be around 340-360 levels.
(Sl for the same will be 275- 280 levels.)
Can keep it on radar.
Entry and exit will be on daily closing basis.
Views personal.
I Can go wrong.
Not a trading recommendation.
DYOR
