ADANIENT made a parabolic up move since March 2022 and formed two Bearish Harami patterns at the top and today price sustaining below the mother's low(2325,2301) of both the patterns. Also the channel has been breached. This makes it a high probability short setup around 2325-2301 zone with stop loss of 2425 for target of 2201, 2101. Look for retracements to enter short trade.
Note
First target of 2201 achievedTrade closed: target reached
Second target of 2101 achieved
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.