Adani Power Made a Rounding bottom breakout today. Generally these type of patterns may yield 3-5 times returns in short term period. Let's first aim for Double targets - that is length of the rounding bottom....
For Example, Happiest Minds which we provided earlier.
It's already up by 40-50%. Is it safe to catch now or should wait for correction?
NeelamN
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@shubhabrata93, I will look for the price action tomorrow, Stop Loss below today's low. Will try to get an entry close to my Stop Loss.
Else, if it doesn't give a dip, then will have to buy at CMP.
nmrs43333
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hello @NeelamN, would there be any modification in future projection of prices? thanks
NeelamN
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@nmrs43333, nope... My view is still bullish (buy on dips). Disclaimer : This is not a trading advice. Decide your stop loss level before entering any trade though.
nmrs43333
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@NeelamN catch the boat at 143 yesterday...now wait and watch...one query here....what will the horizon...3 month or 6 month or more...thanks for sharing