ADANITRANS
ADANITRANSShort @ current price, Expecting a big down move...
I'm a new one, If anything wrong please correct me.
Adani Transmision (Correction Likely)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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*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
AdaniTransThere 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
Sell Limit 203.80 AdanitransNSE:ADANITRANS Currently its within this triangle , not expecting a breakout Sell Limit 203.80
Adani Transmission bearish 136.05Adani Transmission is moving towards 136.05. Holding support there maybe difficult in the long run.
Adani Transmission bearish divergenceNSE: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!
