Adani Port - Bearish Engulfing on Weekly - Short CandidateNSE:ADANIPORTS is making bearish engulfing on weekly and that makes it a perfect short candidate for next week as long as it closes below 690 on todays weekly close. Also Fibonnaci shows retracement on downside and also getting rejected from trend line resistance.
One can carry shorts with SL of 710. Expecting 638-640 levels on the downside.
Let's see how the story develops. Best wishes!
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TIA!
