Rahul_vrma

adani power chart study

Long
NSE:ADANIPOWER   ADANI POWER LTD
Adani power gave breakout of head and shoulder pattern in 1day time frame
it should retest its support 101-104 and then follow the pattern and go up
Cmp:- 105.75
entry :- 101-103 after taking support on 1 day chart
target:- 112,116,118,120
Stoploss :- 99-97

Comments

Yes pattern is not a good one
Reply
This pattern is not following any of the head and shoulder patterns. The shoulder should be smaller than the Head. It could be a volume contraction pattern.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter