Averoy_Apoorv_Analysis

Adani Power - Ready Set GO !!

Long
NSE:ADANIPOWER   ADANI POWER LTD
🔰 MY thought process :
⭐Symmetrical pattern BO again at monthly resistance

🔰Am I taking this trade now:
Already in it :)

🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.

<<<<<<Thank You Have a Nice Trading Day>>>>>>

Comments

We booked half position on Friday.. If u mark trendline using tail then current price still inside the channel.. So Monday it could be breakout or reversal.. Thank you
+3 Reply
@Drrohan, well you can surely do that but then u will get only 2 touches the wicks, and my trendline have more than 3 or 4 body touches, makes it a better trendline than the one joining the wicks only , no one can be sure of the delivery on next day but still the breakout has happened, although SL should be maintained :)
Reply
What is the full form BO?
+1 Reply
@ncsajjan, Break Out
+1 Reply
ncsajjan Averoy_Apoorv_Analysis
@Averoy_Apoorv_Analysis, Thanks for the reply
Reply
how much sure are you about this
+1 Reply
@rajdufare123, well there is nothing like surety in market :) It's a high probability trade as such patterns on weekly TF resistance usually gives good moves. still SL of 5% is intact
Reply
Congrats, well noticed. Keep it up,. All the Best for you.......DNN
+1 Reply
@dnnagaraj, yep :) thanks, mate
Reply
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