NeeteshJain

Adani Power - Channel Breakout

Short
BSE:ADANIPOWER   ADANI POWER LTD
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
Trade closed: target reached: Target 1 reached successfully, Regards

Comments

23.40 possible in current series ?
Reply
Yes, it may occur by next few weeks.
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