Adani Transmision (Correction Likely)

CMP = 276.85
In 5 sessions from 222.20 to 276.85 (24.5%)

Hammer candle formed on top with huge volume.

Most likely will correct
upto 261 (5.7%)
upto 250 (9.5%)

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I believe in keeping the chart simple with minimal drawings & easy to interpret.
So kindly express any disagreement & improvements so that we learn & earn together.
More accuracy more profit potential & controlled loss.

*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.

הערה:

So far so good.

עסקה פעילה:

Target 1 achieved : 261 inspite of nifty being bullish so far.

העסקה בוטלה באופן ידני:

With nifty and bank nifty above resistance, doesn't look too likely for more correction. Content with achieving the first target.

הערה:

For educational purpose this chart has followed the technicals to the T