*Stock is breakout of its consolidation phase
*Rectangle is a continuation pattern
*Normally trend resumes after huge consolidation
*Daily and weekly RSI trading above 60 indicates strength
*Longs entered already
*One can still enter above 1717-1720
*Stop will be deep at 1640 as we are playing it positional
*Stoploss will be trailed to buy price when T1 is...
NSE:ADANIGREEN It was consolidating from 65 days. A nice swing can be initiated from these levels and tgt ATH.. It might form new all time high as nifty next 50 index is going great.
1) On Daily time frame, it gave breakout of 21DMA. If it sustain above it then we can see upmove.
Major breakout level to watch now is 760 level. Sustainable breakout of 760 level will give good up move.
Please refer below chart : 1 day Time Frame. ...
ADANI TOTAL GAS Ltd.
Risky but could be a great trade
RR Ratio > 2.5
Target 1940 almost 30%
Time < 6Months
BULLISH WEDGE BREAKOUT
Rising Volume with rising Prices.
Flag pattern breakout.
After adani news, Adani port is in sideways from past 6 months.
Share is trying to form a pennant
If 730 is taken out we can see a good movement in this share
Buy adaniport @730
with stop loss 675
I am posting this chart on request from one of the follower on Twitter.
1) On daily time frame, we can see it has been trading below 200DMA and facing resistane from it.
Which is a bearish sign.
It has to break and sustain above 200DMA to start bullish journey.
200DMA is placed at 711.73 level.
Please refer below chart : 1...
Adani Transmission (Closing Price: 1869.9)
According to Elliott Wave projection, Adani Transmission price will hike and touch 2118 - 2304 - 2364 levels. And the day traders can expect 1920 - 1946 levels.
-->MARKET ANALYSIS : Bullish
-->SECTOR ANALYSIS : Broken from stage structure
-->STOCK: Broken from stage structure and cup and handle pattern with a good closing above 1600
Looking bullish for short term targets of 1800 levels and thereafter 2000+
RS uptrending and RSI 60+ adds icing on the cake
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JUST A VIEW
When a security's price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, price...
Has Stop-loss of more than 5%
Trade Carefully and with limited Quantity
If 1600 Breaks then we only have only
1700 and Previous High as Resistance
Other all Details Are been Shared on Chart
NOTE - THIS TRADE IDEA IS ONLY FOR EDUCATIONAL PURPOSE
WE ARE/WOULD NOT BE RESPONSILE FOR ANY PROFIT OR LOSS