--> ADANITRANS is on the verge of breaking out of the ASCENDING TRIANGLE .
--> ADANITRANS has given two consecutive closing above the POC (Point of Control-Volume Profile).
--> Stock has tested the top of the Ascending Triangle multiple times so next time there is a high probablity of breakout.
--> Take a...
Adani Transmission (Closing Price: 1869.9)
According to Elliott Wave projection, Adani Transmission price will hike and touch 2118 - 2304 - 2364 levels. And the day traders can expect 1920 - 1946 levels.
Based on Strategy#2, reversal can be possible from Zone line.
Good risk reward possible here. Next day after no lower circuit can be good entry
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My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing