Price action firstly breaks above the diagonal trend line and now it is breaking above the short consolidated triangle pattern, indicating further continuation of the trend and a higher move up towards 1200 levels.
As you can see in 1 hour chart , Price have brokrn the major trend line support Price was moving in falling channel and then break that channel at up side Now if the price break the privious high then i will be looking for the long position
1115 FIRST RESISTANCE WITH 50% ENTRY & SECOND RESISTANCE @ 1160 ADD 50% ABOVE HERE WITH RISK MANAGEMENT. RSI TRENDING AND ABOVE TREND LINE ON DAILY CHART. VOLUME OF ALMOST 3.5+ MILLION , SAME VOLUME LIKE TODAY WAS BACK IN NOV. EVEN IN THE MARKET FALL, IT STOOD STILL. SL AROUND 1000 TARGET: RIDE IT WITH TRAILING TO DAYS LOW OR RSI BREAKS 5 DAY MOVING AVG. GOOD LUCK...
3 time failed in crossing 1060 level. Odds are in favour now and it may cross 1060 and then go up. SL can be kept at 996
Fundamentals here take the backseat with a sky rocketing PE ratio. Technically, the price is right at the 61.8% retracement base. Bullish Hidden Divergence Spotted. This tells me the stock will take the turn but let us wait and watch. No Targets for such stocks - StopLoss based on risk appetite is Mandatory and #Ridethetrend
Solid weakness developed in the stock and looks to be breaking one support after the other. I would not recommend taking a trade but this is a recommendation to book your profits. Don't keep holding. Book profits for now. I see a lot of weakness. Like and follow. NSE:ADANIGREEN
One of the principles of technical analysis is "ride the momentum". This stock has been in such a massive uptrend. This is a stock for both investors as well as traders. Ride the wave guys :) NSE:ADANIGREEN Like and follow :)
Rounding Bottom Breakout Can be bought at CMP levels or if price retraces SL 487 Target 600