ADANI POWER - TRENDLINE RESISTANCE
Updated
ADANI POWER has faced Resistance at the upper trendline multiple times. Its been 5months since it has been facing the resistance.
Now it is taking support at an old support level since last month.
If it breaks the trendline resistance then it may give a good upside move. But wait for Re-test after the Breakout. It may go up to 670-75 and then re-test at around 635-625 levels.
In case it breakdowns then next support level is around 500.
For learning and educational purposes only, not a trading advice.
Now it is taking support at an old support level since last month.
If it breaks the trendline resistance then it may give a good upside move. But wait for Re-test after the Breakout. It may go up to 670-75 and then re-test at around 635-625 levels.
In case it breakdowns then next support level is around 500.
For learning and educational purposes only, not a trading advice.
Trade closed manually
Adani Power even broke the 500 support. Trade didn't happen.
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