Stock of the Week: #Adanigreen
Entry Price: 1209.75
SL: 1036.95
Position Sizing: 25%
Reason: On 27th Nov 2020, we had a very high volume & stock made a high of 1159.65 which is precisely the same previous day's closing price (26th Feb 2021). The stock fell approx 23% from that level and we may witness the fall again. We will place our buy above 1209.75 from where we may see a continuity of an uptrend.
Entry Price: 1209.75
SL: 1036.95
Position Sizing: 25%
Reason: On 27th Nov 2020, we had a very high volume & stock made a high of 1159.65 which is precisely the same previous day's closing price (26th Feb 2021). The stock fell approx 23% from that level and we may witness the fall again. We will place our buy above 1209.75 from where we may see a continuity of an uptrend.