akshay1808

Adani Transmission bearish divergence

Short
NSE:ADANITRANS   ADANI TRANSMISSION
NSE: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 191.5
Trade active: Reached 185.4
Comment: T1(187) achieved....Don't think T2(177) will be achieved today.
Trade active: Reached 182.5
Trade active: Yesterday T2(177) was realized, but the stock didn't stay longer there.
Comment: Today it should fall below T2(177) attempting towards T3(167)
Trade active: T2(177) is breached.....one can take partial profit at 176
Trade closed: target reached: Closing at 164.45.....All targets achieved. 3 Cheers!

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