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TraderRAS
Jan 4, 2019 3:44 PM

Possible H&S and Descending Triangle  Short

NSE:ADANIPOWER1D
ADANI POWER LTDNSE

Description

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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

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Target achieved.
Chart PatternsADANIPOWER
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