Adani Enterprise ( 60 min time frame )

1. on intraday chart it is given falling channel breakout 

2. It has also formed Double Bottom formation , which will get confirm about 616 

How to trade ?

1. Buy above 616 sl 603 tgt 640 -647 

Note buy in cash is advisable after break out , wait for retracement near stoploss and buy in FNO near to the stoploss , where risk reward is favorable .