BULL FLAG FORMATION IN ADANI GREEN ENERGY - SWING TRADE

Jan 28

Symbol - ADANIGREEN

CMP 988

Adani Green Energy Limited, incorporated in 2015, is a holding company of several subsidiaries carrying business of renewable power generation within the group and is primarily involved in renewable power generation and other ancillary activities.

In Adani Green Energy, a bullish flag formation has developed. A breakout from this formation is expected to drive the price towards 1240, representing an approximate upside of 26% from the current level. I am initiating a long position in the Futures at the current market price 988
Additionally, I plan to increase my position near the 970-965 price range and will maintain the long position with a stop loss at 938





Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!

Jan 31

Trade active

CMP 968

Added more long position at CMP 968
Avg Buy price now is 978
Holding with SL 940

Feb 1

Note

CMP 1046

7% up from my level.
Holding with CTC SL now.