Adani Enterprise (pennant and Flag pattern in downtrend)

Adani Enterprise has given a breakout from pennant in its downtrend meaning the downtrend will continue from here.

CMP: 134.65
Targets are 117 and 112 with Stop loss (152.45),
Target 3: 80, after falling below 112 you should start trailing stop loss strategy to maximize profit.

After reaching 117 revise stop loss to 134 (sell price), than I would suggest to trade keep this with trailing stop loss.

Let me know If you agree with my idea.
Trade active


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