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Triyambak_CA
Dec 20, 2022 4:08 PM

Adani Break Out Long

ADANI ENTERPRISESNSE

Description

Adani Enterprises CMP: 4165

SL: 3930

Target: 4390 (as per Daily TF - VCP)
5300 (As per Weekly TF - Flag & Pole) - This is difficult but u never know with Adani Stocks. If we get 1:1 then trailing as per hourly swing pivots would be good.

RR: 1:1 (for target 4390)
4.86:1 (For target 5300)


Reason:

1 - RS is rising
2 - RSI is trending
3 - Good Volume on Break Out
4 - Above all moving averages on Daily and Weekly
5 - Break out of VCP( On Daily)
6 - Break Out of Flag & Pole ( On Weekly)


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Trade closed: stop reached

Comments
krunalsoni7733
big stoploss hit
Triyambak_CA
@krunalsoni7733, Yes Buddy
nilesh1092
false breakout
Triyambak_CA
@nilesh1092, probably in hindsight. Yes SL was taken on swing. But this was due to on the board selling and can't do anything about it. Market is supreme. Positional SL 3794 still intact.
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