Channel Pattern Breakout

6 בנוב׳ 2021

On Adani Enterprises on 15 min a channel is formed, Price as already taken support from its previously tested trendline, and now consolidating in an channel form, We can inititate buy order when price breaks channel and also when 20EMA is near to price at the point of breakout. We can take target of 1% And trai it till 1546.70.Easily 1:2 target can be achieved.
Date of Analysis:-6 November 2021.