Adani Enterprises: 100 pts long trade.
First of all Happy Deepavali to Everyone. Wish everyone a happy trading year.
* Previous ICICI Bank trade worked out very well achieving all its targets. Still following the trend channel.
* Adani enterprise after taking A strong support from 2700 level on the way to retest its swing high 3100 - 3200.
* Presently trading on fib retracement zone of 0.5 to 0.6 at 2950 level.
*Trade levels for the trade
Target levels: 3100-3200 (if resistance breaks, can take more risk)
Stop loss: 2900
Risk/Reward ratio: 1:2
* Previous ICICI Bank trade worked out very well achieving all its targets. Still following the trend channel.
* Adani enterprise after taking A strong support from 2700 level on the way to retest its swing high 3100 - 3200.
* Presently trading on fib retracement zone of 0.5 to 0.6 at 2950 level.
*Trade levels for the trade
Target levels: 3100-3200 (if resistance breaks, can take more risk)
Stop loss: 2900
Risk/Reward ratio: 1:2
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