BULL FLAG FORMATION IN ADANI GREEN ENERGY - SWING TRADESymbol - ADANIGREEN
CMP 988
Adani Green Energy Limited, incorporated in 2015, is a holding company of several subsidiaries carrying business of renewable power generation within the group and is primarily involved in renewable power generation and other ancillary activities.
In Adani Green Energy, a bullish flag formation has developed. A breakout from this formation is expected to drive the price towards 1240, representing an approximate upside of 26% from the current level. I am initiating a long position in the Futures at the current market price 988
Additionally, I plan to increase my position near the 970-965 price range and will maintain the long position with a stop loss at 938
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
