NSE:ADANIPOWER   ADANI POWER LTD
Is that an evening star in formation ?

Firstly there has been two gaupup movement represented by circles. As we know gaps almost are always filled.And the gaps here will get filled only if the price comes down.
Secondly there has been a huge dump of shares as is visible in Volume .
Thirdly the RSI has reached 87.5 and needs to come down.

What do you think. Will the price comedown. Will it form an evening star pattern ?
Comment: As I said gaps rarely remain unfilled. Here filled first gap and on the way to fill 2nd gap. Can think about entering only around 90 - 100 levels where it stayed for a long time.

Comments

No still not an evening star....and besides that evening star there is no reversal sign given by the matket
+1 Reply
Shadab_07 arpan99halder
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