Adani Enterprises Ltd. - Symmetrical Triangle on DAILY chart

Adani Enterprises Ltd. was in a consolidation since 7th April 2021. The price gave the upward breakout to the resistance line on 3rd May and closed at Rs.1,255,55. I anticipate the Price Target of Rs.1410 and suggest the Stop Loss at Rs. 1198 to be followed for the first four daily candles starting from 4th May 2021. Thereafter, the profit booking/ exit decision should be based on achievement of the price target or downward crossover of 26 EMA by 5 EMA whichever happens earlier.
NOTE: This is an attempt to predict the future price movement. Investment decision based on this idea, if any, shall be solely at the risk of the investor.