NSE:ADANITRANS Daily chart is bullish. 280 is one hurdle but it will be taken out soon. expecting from 340 here within month or two.
1. Adani broke out of its 231 days opposed trend line price resistance. 2. Volume confirmation on breakout 3. Steady spike in RSI indicating price pushing up with strength 4. Slope of 50 EMA Turned positive We will track for possible entry exit and stop loss on 4h time frame and keep trading the heck out of it.
Buy above 202.50 for a target of 206 and 208.50
Can be played for a target of 193, 196 & 207 with a sl of 185
Adani transmission above 343 seems good. Good volumes since last 3-4 weeks and a healthy breakout
Adani transmission target from here is rs.250 easy achievable. short loss will be below 200.
Scrip can see selling pressure after reaching around 52-week highs due to Doji star which depicts uncertainty and then, hanging man coming at the top of uptrend. Can even see formation of evening star pattern! Enter below 210-212 (Post confirmation) Can go till TP - 192, 173, 153, 132 if selling pressure persists Handing man candlestick The Hanging Man is a...
Above 137 Breakout if Sustained with Volume than Next target 200