Hi all, hope you are trading well. It’s been a long time since I last posted. Apologies for that. 🙏
With all the buzz floating around Adani and let's see the charts from a technical perspective using supply demand, market structure, and basic S/R. Please note that I am not a fundamental analyst and hence not concerned with the underlying working structure of the...
Key highlights:
- Strong supply formed near 1800-2100
- Approaching weekly demand zone
- Monthly demand zone at 900-1050
- HTF structure is bullish
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager...
There is this very famous saying in Stock Market - Market keep doing what it wants to, and news/events are just excuses given for small traders to satisfy their logics.
You can see this in charts of various Adani group of Shares. check below charts -
These shares were already in correction mode before this report.
Now decide...
My Perception - NSE:ADANIGREEN
Currently Close is above Weekly and Monthly Pivots
Daily RSI > Weekly and MOnthly
Daily RSI is on Raise for the past couple of Days
Price closed above the trendline with a strong Upside candle - with the highest volume in recent times.
The first hurdle will be 2170 and then should touch 2388 before any reversal.
Add to...
Adani Group has been the talk of the town due to a report by Hindenburg Research. This share is in the news for the wrong reason so don't jump in. There is however, a very strong support at 1230 on weekly levels. Keep a watch and buy if the level holds.
It's my personal view.
This is for educational purpose only.
This is not buying or selling recomendations.
I am not sebi registered.
Please consult your financial advisor before taking any trade.
Thankyou
CNXEnergy will be an absolute avoid from a long perspective.
One can see that the RSI is losing a lot of strength and the index is unable to make higher highs.
We have witnessed this kind of pattern during 2018,2019 and we all know what happened in 2020.
It can dupe by a small movement but one need to observe if the index is unable to make a higher high then...
Expecting adanigreen 1200 around in up coming months as per EV
5th has finished and right now making ABC
How to trade it .. should sell on rise .. cmp 2260 SL should be 2572+ the point B
First target 1650 expecting in OCT
second target 1475 expecting in Nov-Dec
and third is 1200 same in Nov-Dec
This is on daily time frame
As per hourly chart the B point...
Looks like adani green have CNH breakout.
Will trade with strict stop loss.
Targets and stop loss mentioned on charts. 😇
Enjoy.
Views personal.
I Can go wrong.
Not a trading recommendation.
DYOR
NSE:ADANIGREEN
Reason for Trade : Created a Green Big Candle with Huge Volume.
Cmp : 2207
Entry : CMP or Near 2151
Stop Loss: According to one's Risk Reward ratio
#Study, Learn & Earn.
If you love this post please like and comment your thoughts below. That will be a great motivation for me to post similar ideas ahead.
Disclaimer: All the information...
Kindly refer the chart
Long term traders can enter at CMP with support area as stop loss and move upwards as targets
Thanks & Regards
Feedback is highly appreciated
Adani green energy seems it will go down from here possibility of short is left behind because checked only today added in watchlist if come i will take some qty as initial entry that's why tagging this into neutral category
Friends, 🤗This stock is mainly suggested for intraday players For 13-06-2022- 17-06-2022. We Can add this in our watchlist for excellent target in Intraday.As we can🧐 see that Adani green is continuously falling from many week's.It is likely to be continue this fall 📈Further more days.We are totally bearish on this We will short below when price show rejection...
