Description
⋅ This analysis is only for educational purposes, Invest at your own risk!
- ADANI GREEN ENERGY is close to its 52 week high with a gap of 5.95%
- The volume suggests that the rise in price is coming to an end and a downfall is near.
- Hence getting into a short position at around 230-220 INR will prove to be profitable.
- Traders should place their stop losses just 5-10 points above the resistance line or according to their risk taking capability.
- The volume should be monitored at all times to see if the trade is going in our way.
Any kind of criticism is highly appreciated !
CHEERS!