Adani Port - Bearish Engulfing on Weekly - Short Candidate

nerdywasabi Updated   
ADANIPORTS is making bearish engulfing on weekly and that makes it a perfect short candidate for next week as long as it closes below 690 on todays weekly close. Also Fibonnaci shows retracement on downside and also getting rejected from trend line resistance.

One can carry shorts with SL of 710. Expecting 638-640 levels on the downside.

Let's see how the story develops. Best wishes!

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Trade active:
From 681 to 666. Trade active!
Trade closed: target reached:
636.60 weekly low made today which was also my target. If the stock gives a close below this, I would positionally play this for 533 target
633 low made for the week!


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