TraderRAS

Possible H&S and Descending Triangle

Short
TraderRAS Updated   
NSE:ADANIPOWER   ADANI POWER LTD
As you can see,H&S has been formed on the daily with the right shoulder forming into a nice descending triangle.The bear volume rising consistently supports the analysis.Hedge your positions if long.
Trade closed: target reached:
Target achieved.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.