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
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.