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satishsingh0910
Jun 19, 2017 10:27 AM

ADANI ENT: Big Bang Theory: The Narrow Range Break out Long

ADANI ENTERPRISESNSE

Description

It was observed on the hourly chart that ADANI ENT was trading between a very narrow range (131-133) that means it's time for a breakout.

Starting tomorrow (or the day after), we may see some upside because the bears could not manage to bring the price down after the long green candle on 6 Jun.

Target: 240 (2-3 days)
SL @ 128

Comment

Taking longer than my initial estimates.

Now is expected when the price action comes close to mid bollinger, any small breakouts before that would not reach the target

Trade closed: stop reached

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