Adani Enterprise has given a breakout from pennant in its downtrend meaning the downtrend will continue from here.
CMP: 134.65
Targets are 117 and 112 with Stop loss (152.45),
Target 3: 80, after falling below 112 you should start trailing stop loss strategy to maximize profit.
After reaching 117 revise stop loss to 134 (sell price), than I would suggest to...
You will need a plan for short selling. Understanding the sellers' and buyer's flow by using volume herein. I am not saying start shorting nifty but, here is clear resistance where profit booking can come. first look past complete search of spot nifty as given below chart....
Time to sell GBPUSD?
GBPUSD overbought in the short-term
The pair reversed sharply at the 1.20 lows three weeks ago, and for the past ten days, it's trading inside of a rising channel. The uptrend took GBPUSD almost to 1.2600 (about 600 pips away from the 1.20 lows), but it also reached overbought levels as is shown by our advanced overbought/oversold indicator...
Wait for TAIL & excess at a value high to short this stock.
Your target 1430 and above it, expected excess with tail 1455 nearby for short seller eye.
For observing minutely, you will find every time tail when U-Turn. Important is tail for trade on this stock.
The Index makes higher highs and the RSI Indicator forms lower highs indicating a bearish/negative divergence. BANK NIFTY EXPECTED TO HAVE SHARP BEARISH MOVE ONCE IT MOVES BELOW 29,550. The Index expected to fall before the election result!!!!!!!!!!!
