[Positional] Adani Transmission Inside Bar

Adani Transmission broke out in monthly timeframe. So technically it is buy with stop loss at solid white line.

In Weekly, if you see the breakout's structure you can see it has not break previous day's lows since the whole movement.

Also, the candle body is getting decreased which means less participation. Also, Inside Bar.

Now this week will be simple.



If it breaks the downside of the IB, then its pure sell.
If it breaks the upside of the IB, it also needs to break the dotted line (as that is recent high and close and hence significant resistance). If it breaks that, then buy.

But, I will skip the buy trade if triggers.