Adani Ports & SEZ Ltd – Bearish – Target Achieved – Flag Pattern.png

Adani Ports went sideways for about a week and achieved the target in less than a week’s time. But the volume during the flag formation has been fluctuating and it makes the formation suspicious. This time the target was achieved but I do not think it is possible to achieve every time. Therefore, it is best to avoid the trade whenever there is no clear view with respect to volume.