ADANI POWER LTDShort
BEARISH BAT SETUP ON ADANI POWER
Updated
Hi,
A good short setup is developing on Adani Ports daily charts.
Watch PRZ (Potential reversal zone) & enter based on the price action- Use shorter time frame candles to analyse the price action while the price hitting the PRZ.
Two Targets : TGT 1 - 36.5 & TGT 2: 30
Stop loss would be above X point ( based on the risk appetite)
** Never ever do long trade on anticipation of CD leg completion.**
I will be updating the trade on shorter time frame - stay tuned for timely entry.
Trade with Care.
A good short setup is developing on Adani Ports daily charts.
Watch PRZ (Potential reversal zone) & enter based on the price action- Use shorter time frame candles to analyse the price action while the price hitting the PRZ.
Two Targets : TGT 1 - 36.5 & TGT 2: 30
Stop loss would be above X point ( based on the risk appetite)
** Never ever do long trade on anticipation of CD leg completion.**
I will be updating the trade on shorter time frame - stay tuned for timely entry.
Trade with Care.
Note
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.Note
Price approaching slowly to PRZTrade active
Trade closed: target reached
Free fall to Target 1 & Getting very near to Target 2Note
looks like a flag is developing (trend continuation) & we may hit 2nd target soon.Trade closed: target reached
Both the targets hit
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