ADANIPORTS - Buy Idea
Premise:
1. A Regular Bullish Divergence will be formed after a retrace up and a deep dive down
2. This move will happen within ten weeks
3. The former resistance at 252 will be strong support
Execution:
1. Buy at 252
2. Stop Loss at 170
3. Target 1 : 452
4. Target 2 : 571
Result:
1. A 2:1 to 3.83:1 RR trade is completed
1. A Regular Bullish Divergence will be formed after a retrace up and a deep dive down
2. This move will happen within ten weeks
3. The former resistance at 252 will be strong support
Execution:
1. Buy at 252
2. Stop Loss at 170
3. Target 1 : 452
4. Target 2 : 571
Result:
1. A 2:1 to 3.83:1 RR trade is completed
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