Resistance Breakout & Retested in Adani GreenTo capitalize on this equity momentum with defined risk, we are tracking the ADANIGREEN 30 JUN 2026 1520 CALL:
The Setup: While the underlying stock is surging, the option premium has successfully completed a retest of its key structural breakout level.
Price Action: After a sharp correction to shake out weak hands, the option found strong buyers right at the polar change zone (previous resistance turning into support).
The Candle: A massive bullish engulfing/white marquee candle has formed right off the support line, confirming that the retest is successful and buyers are back in control.
📊 Trade Parameters (Option Chart Basis)
Current Market Price (CMP): ₹86.20
Entry Zone: ₹74.00 – ₹86.00 (on confirmed retest validation)
Stop Loss (SL): ₹61.90 (Daily closing basis below the recent swing low)
Risk-to-Reward: Highly favorable, targeting the recent premium highs and beyond as the underlying equity extends its breakout rally.
