Adani green is following the long term range from 2020 as can be seen in the chart.
It has consolidated for almost 2 months now, the MA shows an uptrend, also the financials for the recent quarter shows an increase in revenue and netprofit although the Operation margin are down 7%, YoY the revenue is up and net profit are up with an operating margin which is slowing by 3%
Break above 2050 , may result in a upleg till 5000, with a SL at the low of consolidation region i.e 1835.
Risk to Reward- 1:7
(The charts are in Log Scale)
It has consolidated for almost 2 months now, the MA shows an uptrend, also the financials for the recent quarter shows an increase in revenue and netprofit although the Operation margin are down 7%, YoY the revenue is up and net profit are up with an operating margin which is slowing by 3%
Break above 2050 , may result in a upleg till 5000, with a SL at the low of consolidation region i.e 1835.
Risk to Reward- 1:7
(The charts are in Log Scale)