AdaniEnt ABCD Pattern

Dec 31, 2022

Time frame used 75 Minutes. ABCD pattern as per Fib retracement price has taken rejection at 0.5% level my view is negative with target towards Point D. View fails if price crosses and closes above 3904 level.

Jan 2, 2023

Trade active

Sold - AdaniEnt 3850 CE @ 143.15
Buy - AdaniEnt 3650 CE @262.15

Jan 3, 2023

Note

3rd Jan 2023
Today made low of 3791

Jan 6, 2023

Note

6th Jan made low of 3757, almost 93 points.

Jan 22, 2023

Trade closed: target reached

All targets done almost 400 points down target achieved. Price action first and then News comes... Best example.