ADANI POWER LTD.Short
Adani Power - Channel Breakout
Updated
It is been observed on a weekly chart that there is a red candlestick breaking out from it. It indicates weakness and a high selling pressure. It shall confirmed a breakout as it closes below 26 price level and now it may further go down to 23.50 levels initially and then 20 levels.
Target 1: 23.40
Target 2: 20.50
Stoploss: 28
Target 1: 23.40
Target 2: 20.50
Stoploss: 28
Trade closed: target reached
Target 1 reached successfully, Regards
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