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Madhav
Jan 18, 2017 3:21 PM

AdaniPorts HNS Short

ADANI PORT SPECIALNSE

Description

Adaniports head and shoulders
Resistance acting as support
MACD divergence

Can sell below 291 SL 300 for trgt 284-272

Trade active

Target reached
Comments
dravya
NIce chart. But I have seen head and shoulders pattern fail in such cases, and I'd instead go long keeping the support as stoploss. You can also see this as a bullish flag forming.
Madhav
@dravya, True ... HNS failure is common these days, also the neckline is shifted today which comes around 291 now. Updating fresh chart of same
dravya
@Madhav, It did break though and your target got filled. Cheers !
Madhav
@dravya, Super :)
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