📉⚡ #ADANIPOWER 🚨
ADANIPOWER has formed a monthly double top 🔝 near the 179–183 (ATH) zone and is now slipping toward its rising trendline 📉
Price is also trading inside the September monthly candle (182.70–120.00). MCB or sustained close below 120 will signal major weakness ⚠️👇
If selling continues, price may head toward 112.50–124, 92–96, and the breakout retest supports at 83–87.
Bulls must defend the trendline to avoid a deeper correction 🛡️🔥
Resistances: 151.20 / 179–183 (ATH)
#ADANIPOWER #PriceAction #DoubleTop #ChartPattern #InsideBar #CandlestickPattern
📌 #Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
ADANIPOWER has formed a monthly double top 🔝 near the 179–183 (ATH) zone and is now slipping toward its rising trendline 📉
Price is also trading inside the September monthly candle (182.70–120.00). MCB or sustained close below 120 will signal major weakness ⚠️👇
If selling continues, price may head toward 112.50–124, 92–96, and the breakout retest supports at 83–87.
Bulls must defend the trendline to avoid a deeper correction 🛡️🔥
Resistances: 151.20 / 179–183 (ATH)
#ADANIPOWER #PriceAction #DoubleTop #ChartPattern #InsideBar #CandlestickPattern
📌 #Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.