ADANI POWER- ROUNDING BOTTOM FORMATION

adani power cmp 120-125, SL rs 100 DCB. Tranch 1

buy cmp 120-25, tranch 2 buy on closing abv 150,

tranch 3 buy on closing abv 170.. tgt 265-270.

large rounding bottom formation on daily charts. Mnthly ADX suggesting strong

momentum. Power sector tailwinds.
Time horizon 3-4 months

Regards
mayank
21/10/21