AdaniP: Something Big Might be on the Cards

27 de abr. de 2018

Notes on the chart.

Regards.

27 de abr. de 2018

Nota

Big player changing hands, we should let them settle down. A 5 minute closing above 403 should be waited.

27 de abr. de 2018

Nota

Might be stopped out soon in this ugly price action :)

27 de abr. de 2018

Trade fechado: stop atingido

27 de abr. de 2018

Nota

This trade didn't work.
Let's see if I get an opportunity to test the second hypothesis near 397-398.

4 de mai. de 2018

Nota

Bounced from support..let's see where it can take us.

4 de mai. de 2018

Trade fechado: objetivo atingido

First target hit same day. Position closed.

5 de mai. de 2018

Nota

The stock has been a very good example of 'how stocks sometimes do not move as expected'. In the first try i was hit with stop, so later I wanted to buy it low as per second plan. But stock came out of the channel, hit the mentioned support level and made a bullish bar. First target was hit quite fast.
Moral: Horrizontal support-resistance levels should be given more importance than trendlines and channels.
Have fun :)