sathwikkuncham

Adani Power near all time high

Long
NSE:ADANIPOWER   ADANI POWER LTD
Possible breakout can happen as it is near All time high of 106-107 levels. Broke 100 level comfortably today and closed just behind all time high, which shows highly bullish signal.
Entry range: 104-107
SL:99-100
Target for Monday: 109-110(UC)
Exit strategy: Shift your SL to 106-107 if it breaks in next few days and carry your position till you see rejection candle. After breaching All time high, 106-107 levels become a huge support level .

Note: Consider these analysis as my personal belief, shared purely for educational purpose.
Comment: Woah. What a breakout. UC increased from 5% to 20% and so does our target to 120s.
Comment: Awesome run till now. RSI is still 80+. That's crazy. In my opinion, this stock will try to consolidate for few days and we may not see crazy move for few more days. I exited my position today at 155.60.
Target achieved. Return of 52.6rs booked. That's 51% in one week :)
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