gulz

BEARISH BAT SETUP ON ADANI POWER

Short
NSE:ADANIPOWER   ADANI POWER LTD
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.
Comment: The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Comment: Price approaching slowly to PRZ
Trade active
Trade closed: target reached: Free fall to Target 1 & Getting very near to Target 2
Comment: 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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