A bearish trend in seen in ADANIPORTS of month Oct, Nov, Dec 2016. The sequence of Lower top – Lower bottom is observed here with a significant increase in volume. So a bearish trend is observed in this region. A short order is executed here to make benefit from this trend. A short position is taken after crossing the previous lower bottom and the stop loss is kept at the previous lower top. The exit price is selected depending upon the stop loss value.
ADANIPORTS Dow Bearish View
