Swingtrader20192015

Can Adani give breakout?

Long
NSE:ADANIPORTS   ADANI PORT SPECIAL
The stock is looking strong on daily chart . There are chances of Potential breakout form the channel pattern.

Go long @368-370 levels for target of 390 and SL 362.
Comment: Entered 25@370.65
Comment: I am going to exit the stock if it touches 366.

The stock has given a breakout but could not sustain at higher level of 375.

When the stock does not move as per our expectation, it is always better to exit and look for another opportunity.
Trade closed manually: Exited at 166. Booked 1.2% Loss