CuriousChartist

ADANI GREEN - Ready to Fly again?

Long
NSE:ADANIGREEN   ADANI GREEN ENERGY
Fundamentals here take the backseat with a sky rocketing PE ratio.
Technically, the price is right at the 61.8% retracement base.
Bullish Hidden Divergence Spotted.
This tells me the stock will take the turn but let us wait and watch.
No Targets for such stocks - StopLoss based on risk appetite is Mandatory and #Ridethetrend
Comment:
Demand and supply are having a battle at this point which is why from last 2 sessions we are witnessing indecision - Doji candles.
Comment:
Revised Stoploss if holding - 940

*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
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