ADANIPORTS has been studied to have a bullish pattern. A number of Higher Bottoms to Higher Tops are seen which is the required pattern.
The second requirement is high volume at the time of crossing the previous top. Two entry positions are shown. The first one is a stronger indication of entry due to high volumes at the time of crossing. The second entry position has average volume so it is better to wait at this time.
For the first, entry position is at 290.3
Stop Loss is 257.4, and target is 323.2.
Risk is 32.9
If total risk of trade is Rs. 100, 3 shares to be bought.
