ADANIENT BREAKING OUT OF CONTINUATION PATTERN
*Stock is breakout of its consolidation phase
*Rectangle is a continuation pattern
*Normally trend resumes after huge consolidation
*Daily and weekly RSI trading above 60 indicates strength
*Longs entered already
*One can still enter above 1717-1720
*Stop will be deep at 1640 as we are playing it positional
*Stoploss will be trailed to buy price when T1 is reached
*Target are as follows :-T11815,T21890,T31980
*Rectangle is a continuation pattern
*Normally trend resumes after huge consolidation
*Daily and weekly RSI trading above 60 indicates strength
*Longs entered already
*One can still enter above 1717-1720
*Stop will be deep at 1640 as we are playing it positional
*Stoploss will be trailed to buy price when T1 is reached
*Target are as follows :-T11815,T21890,T31980
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.