SHORT ON ADANI GREEN ENERGY(NSE)

20 May 2020

This analysis is only for educational purposes, Invest at your own risk!

• ADANI GREEN ENERGY is close to its 52 week high with a gap of 5.95%
  
• The volume suggests that the rise in price is coming to an end and a downfall is near.
  
• Hence getting into a short position at around 230-220 INR will prove to be profitable.
  
• Traders should place their stop losses just 5-10 points above the resistance line or according to their risk taking capability.
  
• The volume should be monitored at all times to see if the trade is going in our way.
  

Any kind of criticism is highly appreciated !
CHEERS!