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ReviveTraders
Dec 15, 2020 5:52 AM

Adaniports | Range Breakout 4 % 🎯 Long

ADANI PORT SPECIALNSE

Description

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Swing Trading opportunity ! 30 min Chart Alert !!!

--Buy above =475 or CMP
--Target = 494
--Stop-loss = 470
--Lot Size = 2500
--R:R = 3.62
--Expected Profit = 47,000 ₹ per lot ( 3.95% )
--Expected Holding = 5-10 day only
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Technical Reasons to trade OR Strategy applied :-

1) range breakout with volume
2) we must wait for clear entry
3) target is as per the pattern height
4) bullish candlestick pattern in 30min
5) beware of fake breakout

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Comment

the whole day went in another range

Order cancelled

breakout happened then retracement & we were waiting for clear entry but stock breakdown before our entry ....NO LOSS
Comments
anilmukhi
sir seems fake breakout lets see tomorrow
ReviveTraders
@anilmukhi, let's see if fake breakout happens then i'll post the update
narenderrakam
STOP LOSS HIT BRO
ReviveTraders
@narenderrakam, no no no trade is not active yet ...breakout is done ...retracement is done ...we are looking for a clear entry may be above 480 kind of levels
navinkumarhrd
@narenderrakam, after his post it came to 473 only SL was 470
PadmaSatya
came down for retesting 475 level, you might see if it has upwards momentum , it can reach 395 level
ReviveTraders
@PadmaSatya, lets see what happens
Debmitra
Cool, it was a fake out, hope you are using 10min candles for entry confirmation now :D
ReviveTraders
@Debmitra, yup... we didn't enter the above stock cause there was no clear sign of bullishness
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