Let's keep it short and simple we can see flag and pole pattern in this stock can see a bull run in the coming month itself till 1700 level also since Adani is one of the FAV stock of FII and DII so we are not expecting and bearish move as if now in fact the volume has been increased as compared to last time few important levels to look out there is a support zone @1488-1479 that will be acting as SL in this trade the target of @1700 this move will be executed in 7 days period or less than that ill be updating all the information required about this stock in coming days
TRADE 1) can go with equity with the Sl of 30 points to be on the safer side and a target of 200 points 2) can buy a NAKED CALL OPTION but it should be in the money ( ITM ) cause even if the stock remains in the same range you won't face any decay in your strike price 3)can buy BULL CALL SPREAD this is the safest way to capture the move since your maximum loss is limited in this strategy
DO FOLLOW YOU RISK TO REWARD RATIO
Disclaimer- I am not SEBI registered advisor. All views shared for educational purposes and should not be considered advice of any nature. Learn and Earn.
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