ADANI ENT: Big Bang Theory: The Narrow Range Break out

It was observed on the hourly chart that ADANI ENT was trading between a very narrow range (131-133) that means it's time for a breakout.

Starting tomorrow (or the day after), we may see some upside because the bears could not manage to bring the price down after the long green candle on 6 Jun.

Target: 240 (2-3 days)
SL @ 128

Commento:

Taking longer than my initial estimates.

Now is expected when the price action comes close to mid bollinger, any small breakouts before that would not reach the target

Trade chiuso: stop raggiunto