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.
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