Adani Green Showing strength

ADANIGREEN. Adani Green had shown a breakout from the descending triangle pattern above the white line, which was a resistance many times before ( as seen from the graph). Also with high volume for the past two trading days.

The stock had moved more than 10% in the last two days. So if the stock corrects a bit, I will be watching the white line and expect it to be a support. Something to be kept in mind is that Adani green is at a higher PE than industry PE and currently looking at it only from the technical perspective.


*This analysis is completely for educational purposes and not any kind of stock recommendation.