TradZoo

Symmetrical Triangle breakout in ADANIENT for Target of 373+

Lång
NSE:ADANIENT   ADANI ENTERPRISES
Since the last few trading session, it consolidating in range by making Higher Lows(HL) and Lower Highs(LH). In today's session, we saw higher buying volume near the descending trend line it indicates the more chances of the breakout of this symmetrical triangle pattern and this stock will continue its bullish rally towards the 373+ target.

Possible trade:
Buy ADANIENT Above 361.50
Stop-loss - 358
Target 373+

This trade can give good risk-reward as 3:1(reward: risk).

Disclaimer: Before taking any position make sure you're doing trade by risk management. Also, Don't forget to take advise from your financial adviser.

Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.