TradingView
NeeteshJain
Sep 30, 2016 7:45 AM

Adani Power - Channel Breakout  Short

ADANI POWER LTD.BSE

Description

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
KING999
23.40 possible in current series ?
NeeteshJain
Yes, it may occur by next few weeks.
More