ADANIPORTS (Possible Head & Shoulders Pattern & RSI Divergence)

Early Indication of Selling in ADANIPORTS with RSI Divergence & a Possible H&S Pattern.

Confirmation of Short Trade, once Neckline is Broken & RSI falls below 50.

However a better Short Trade would be at a daily close below 689.50

Failure Point & Stop Loss: 790

Measured Target as per H&S Pattern will be around 500 - 515 levels

Trade ativo:

Neckline Break Confirmation on 16th June & Daily Close below 689.50 on 17th June.

Trade activated

Stop Loss now for a Daily Close above 689.50