Adani Transmission bearish divergence
ADANITRANS Stochastic Divergence (lower highs) showing further fall from current level of 194. Keeping a stoploss of 200, new short position with a target of 187(T1), 177(T2) & 167(T3) is suggested!Trade active
Sell at 191.5Trade active
Reached 185.4Note
T1(187) achieved....Don't think T2(177) will be achieved today.Trade active
Reached 182.5Trade active
Yesterday T2(177) was realized, but the stock didn't stay longer there.Note
Today it should fall below T2(177) attempting towards T3(167)Trade active
T2(177) is breached.....one can take partial profit at 176Trade closed: target reached
Closing at 164.45.....All targets achieved. 3 Cheers!
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