Adani power underwent a lot of correction recently but now took the support of a trendline. If the 113 level is crossed, then we might see the above targets.
Here, the targets are forecasted by the XABCD bearish bat and butterfly patterns. This is a very risky trade considering the stop loss level being 20% below the buy level but highly rewarding if the trade goes right.
So, to exit with less loss if the trade goes wrong, follow the trendline and exit when the price breaks this trendline and the immediate lower low.
All the target and stop-loss levels are mentioned on the chart.
Happy trading :)
This is just for educational purposes.
Here, the targets are forecasted by the XABCD bearish bat and butterfly patterns. This is a very risky trade considering the stop loss level being 20% below the buy level but highly rewarding if the trade goes right.
So, to exit with less loss if the trade goes wrong, follow the trendline and exit when the price breaks this trendline and the immediate lower low.
All the target and stop-loss levels are mentioned on the chart.
Happy trading :)
This is just for educational purposes.
Trade active:
Broke 113 level and achieved target 1 on the same day.
Keep trailing :)
Keep trailing :)
Trade closed: target reached:
reached target 3 and also hit trailing SL