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ADANIPOWER Intraday Tips For 12 Dec 2018

Last update on 11 Dec 2018
ADANIPOWER (EXP 27 Dec 2018) CMP-51.5 currently in up side in intraday. It is likely to test resistance 53.15 / 54.80 / 57.40. If it breaks below 50.55 with volume then it may test lowerside supports, such as 48.90 / 46.30 / 44.65.
INTRADAY SUPPORT AND RESISTANCE LEVELS
R4 57.40
R3 54.80
R2 53.15
R1 51.85
PP 50.55
S1 49.70
S2 48.90
S3 46.30
S4 44.65
Last Day High 52.2
Last Day Low 47.95
Last Day Close 51.5
Close up side
Always prefer to long if cross R2(with volume) and short if cross S2(with volume)