Today’s trade for Indian markets.
$ADANIENT ( Direction Long)
TARGET : 145
CURRENT PRICE : 134
STOP LOSS : 129.95
TIME FRAME : 1 month
ADANIENT is an integrated infrastructure company with businesses spanning coal trading, coal mining, oil and gas exploration, ports, multi-modal logistics, power generation, and transmission and gas distribution
1) Stock has to broke the flag and closed above it to move to the target price
2) Volumens and RSI has been rising higher which is good sign to move up .
3) Stock is forming a u-Shaped pattern which is good sign to move up.
4) Stock has also formed Pipe bottom on weekly chart which is also a good sign to move up
Please check my old posts on ABIRLANUVO .