ADANI ENTERPRISES


Update at 10:15 :

1. Breakout from triangle so took an entry with 95 qty at the price 2165.45

2. Also, the price is above the previous day's high giving a confirmation that there could be potential uptrend.

3. Stop loss is few points below the black line i.e. 2101

4. Target is 2nd resistance line since the breakout happened before 12:30 i.e. 2230.45



Update at 11:20:



1. We can observe that there is huge resistance displayed by sellers at the zone plotted above who are not letting price to go higher.

2. Also, buyers are not letting price to enter the triangle again , hence holding the position.

3. If price goes below the red line plotted above i.e. 2146.60 then it is most likely to be considered as trend reversal. Hence , shifting my stop loss to 2140


Update at 1:00



1. We can observe that price is stuck in a range bound. 

2. There is good support from buyers on the lower limit plotted above, So I am going to hold my position for now and stick the already fixed stop loss.


Update at 1:55


1. Price entered the earlier range again so it is likely to be considered as trend reversal, hence made an exit at the price 2163.50

2. Loss - ( 2163.50 - 2165.45 ) * 95 = (185.25)