In last one year this is the third time that Adani ports has formed cup and handle pattern.
We need to watch out whether this pattern will succeed.
This pattern is more meaningful in weekly or monthly charts.
On higher time 1D frame BSOFT has broken down from wedge pattern.
Today it re-tested the same levels.
On 15 min chart it is at the top of downward channel and on high volumes it is breaking down.
It is a high probability trade with swing target of 82.