Adani Energy Sol (D): Strong Bullish, Multi-Year Base BO AttemptTimeframe: Daily | Scale: Linear
The stock is making a highly aggressive attempt to break out of a massive 3-year consolidation base. Today's price action, backed by a significant volume anomaly, suggests that institutional buyers are stepping in to absorb the historical overhead supply.
📈 1. The Chart Structure (The March 2023 Base)
> The Sideways Trend: The stock has been trapped in a heavy consolidation box since March 2023. This extended "time correction" has allowed the stock to digest past volatility and build a massive structural floor.
> The "Fakeouts": In technical terms, these are "supply tests." While they previously failed, repeated testing of a horizontal resistance level eventually weakens the sellers.
📊 2. Volume & Indicators
> Volume Ignition: The 8.83% surge accompanied by 4.48 Million in volume is an "Ignition Bar." This is not retail churn; it is a clear institutional footprint indicating strong accumulation.
> Momentum Synchronization:
- RSI: The RSI rising simultaneously across the Monthly, Weekly, and Daily timeframes is a powerful signal of *Trend Harmony*. It shows that momentum is aligned across all horizons.
- EMAs: The Positive Crossover (PCO) of short-term EMAs on both Daily and Weekly charts confirms that the immediate path of least resistance is firmly to the upside.
🎯 3. Future Scenarios & Key Levels
The trade hinges on follow-through momentum in the coming sessions.
🐂 Bullish Targets (The Breakout):
- The Trigger: The stock must secure a decisive Daily Close above the multi-year horizontal resistance to confirm the breakout and avoid another fakeout trap.
- Target 1: 1,150.
🛡️ Support (The Safety Net):
- Immediate Support: 1,014. This is the critical floor. If the momentum stalls and the stock pulls back, it must hold this level to keep the bullish structure intact.
- Invalidation: A close below 1,014 would invalidate today's momentum bar, trapping late buyers and signaling a return to the sideways chop.
Long
