Recommendations - ADANIPOWER

ADANIPOWER: On daily chart, it’s forming inverted head and shoulder pattern where it’s currently forming the right shoulder providing fresh buying opportunity with consider-ably good profit to loss ration. One may initiate trade as per levels given in the table. (Trading period: 3-5 trading sessions)


SYMBOL                     ADANIPOWER
Buy/Sell                         Buy
CMP                             50
Initiation                         49.20-49.50
Stop Loss                      48.50
Target                            52.50

Posted in: ADVICE,BUY CALL