ADANITRANS Possible Buy opportunity for long term

1. Adani broke out of its 231 days opposed trend line price resistance.
2. Volume confirmation on breakout
3. Steady spike in RSI indicating price pushing up with strength
4. Slope of 50 EMA Turned positive

We will track for possible entry exit and stop loss on 4h time frame and keep trading the heck out of it.

Comentário:

We will be entering at 258.1 (which is basically the S/R flip of recent break out
Stop loss will be 252.95 (lots of wicks formed there. possible demand zone now)
Target : 280 immediate resistance
Risk Reward : 4.4