Intraday / Swing Setup: Looks good above 302 with SL of 294 for swing for the target of 319/330. For intraday we can keep SL 298 and target can be 310/315/320.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading
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CMP = 276.85
In 5 sessions from 222.20 to 276.85 (24.5%)
Hammer candle formed on top with huge volume.
Most likely will correct
upto 261 (5.7%)
upto 250 (9.5%)
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There is a 6 points gap abv 225.., once the stock crossed 225 there is a huge possibility to cover the gap. Also once the candle closes abv 225 it will be a good pick for positional too since there is a another gap: Positional target 247
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!