Adani Power for 70% gainsDate: 01 Nov’24
Symbol: ADANIPOWER
Timeframe: Daily
The Big Question is - if Wave IV in Adani Power is now over? A higher high after a close above 675 will make it official. Is 570 a strong enough support? Looks like it. As seen in the chart, a circle has been marked as an accumulation zone. Wave V is likely to head to 1050 levels (70% from current price of 600); more clarity on target will emerge as it moves above 750.
Sept quarter results at operational levels were descent but because of lower other income and higher tax; Sept quarter of last FY looks stronger.
This is not a trade recommendation. Please do your own analysis.
HINGLISH VERSION
Bada savaal yah hai ki kya Adani Power mein Wave IV ab khatm ho gaya hai? 675 se upar band hone ke baad ek uchchatar oonchaee ise aadhikaarik bana degi. Kya 570 paryaapt majaboot support level hai? Aisa lagta hai. Jaisa ki chart mein dekha gaya hai, ek sarkal ko accumulation zone ke roop mein chihnit kiya gaya hai. Wave V ke 1050 ke star (600 kee maujooda keemat se 70%) tak pahunchane kee sambhaavana hai, jaise hi yah 750 se upar jaega, target par adhik spashtata saamane aaegee.
Operational star par September quarter ke nateeje achhe the. Lekin other income kam hone aur adhik tax ke kaaran; pichhale financial year ka September timaahee majaboot dikh raha hai.
Yah koi trade lene ki salah nahi hai. Kripya apana vishleshan svayan karein.
ADANIPOWER
Tata Power for 20% gainsDate: 27 Sept’24
Stock: Tata Power
Timeframe: Daily chart
Tata Power seems to be in Wave V of 5 which is heading towards 580 levels (20% from current price of 485) as seen in the chart. It is then likely to go into a longer consolidation (a larger timeframe Wave 4) which I will analyse in due course. Likely to achieve this target by end of this year? (Yes, I would like to think so).
This is not a trade recommendation. Please do your own due diligence.
Adani Power getting ready for another half century (50%)?Adani Power has been in Wave iv since 3rd June’24 which could have likely gotten over with its final dip on 12th August’24. If that’s the case, where is it heading to after it breaks out from the current range? One way to look at it could be a target to the top of the channel (as seen in the chart) i.e. 1300+.
The other way is of course 5 small waves of Wave V which could culminate around 1050 (>50% from current levels of 675). Once, it moves over 800, it will leave more visuals of a target. However, a 50% plus rise from here is imminent? in 6 months?
And yes high volume also has left good hints of strong accumulation including promoter buying.
This is not a trade recommendation. Please do your own due diligence. Remember nothing in the markets is a given. Keep a close watch.
ADANIPOWER // Levels // 4 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
ADANI POWER is growing
Support Levels:
₹620 - ₹640: This zone has shown strong support recently1.
₹600: A psychological support level.
Resistance Levels:
₹670: A recent resistance level.
₹700: A significant resistance level to watch
ADANIPOWER 30 Min Levels (S/R)we mark Support and Resistance on the charts so you can check..
Adani Power Share Price Today Live: The stock price has moved between 642.7 and 637.45 in the past hour. Traders might consider implementing rangebound trading strategies by buying around the support level of 637.45 and selling near the resistance level of 642.7
ADANIPOWER TradeADANIPOWER 620 to 640 Is good support zone and today we see rise in about 8%
and closed to about 6 % .it is following the trend line which gives us in past all time high .
so I'm investing new lots for Target of 820,850
Entry price 670 Target-800,820,850 Stop loss 630 And news coming from Market that adani
aquire the Tamilnadu based power plant also get participation in new bid, Bangladesh power plant
news and also overall news about adani power giving the vibes of creating all time high in this week ..
so invest as per ur risk .I am getting risk of 200 lots of share .
. BEST WISHES TO YOU ALSO 😊
ULTRATECH CEMENT AT CRUCIAL LEVEL, 12TH AUGUST NSE:ULTRACEMCO
❇️Ultratech cement at good support level.. recently tested 3 times, now again at same price level.
👉🏻And according to hindenbrugs new and reports.. we can see opportunities
🔗As you can see on chart;
❇️Purple lines are key levels
👉🏻Above one gives you good opportunity to long.
👉🏻And below one give you good opportunity to short.
❇️Other levels are not targets they are a good supply and demand zone were market/stock can reverse or rest (pause). It help you as trailing your SLs /targets
@thetradeforecast
MACD Crossover Swing Trade📊 Script: ADANIPOWER
📊 Sector: Power Generation & Distribution
📊 Industry: Power Generation And Supply
⏱️ C.M.P 📑💰- 628
🟢 Target 🎯🏆 - 668
⚠️ Stoploss ☠️🚫 - 611
📊 Script: HUDCO
📊 Sector: Finance
📊 Industry: Finance - Housing
⏱️ C.M.P 📑💰- 233
🟢 Target 🎯🏆 - 246
⚠️ Stoploss ☠️🚫 - 228
📊 Script: JSWINFRA
📊 Sector: Marine Port & Services
📊 Industry: Miscellaneous
⏱️ C.M.P 📑💰- 259
🟢 Target 🎯🏆 - 278
⚠️ Stoploss ☠️🚫 - 250
📊 Script: METROBRAND
📊 Sector: Leather
📊 Industry: Leather / Leather Products
⏱️ C.M.P 📑💰- 1081
🟢 Target 🎯🏆 - 1153
⚠️ Stoploss ☠️🚫 - 1044
📊 Script: HBLPOWER
📊 Sector: Auto Ancillaries
📊 Industry: Auto Ancillaries
⏱️ C.M.P 📑💰- 521
🟢 Target 🎯🏆 - 559
⚠️ Stoploss ☠️🚫 - 504
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
AdaniPower -My View
• a good closing on hourly or 30min candle i may ride.
• i may look higher high price candles in small time frame with volume while making entry.
• higher the price sustain near 650 better the chances of a good upside
• any rejection i seen on chart from upside, than i will prefer to wait keeping eye until it crosses 645 -50
Adani Power Update 9 May (5May / 28April)As mentioned in the 5th May post, any fall towards 570-560 levels can be treated as an opportunity to buy. The stock shot back up to 610+ levels today (9 May’24). It could still spend some more time but 20% in near term is very possible.
Have conviction in the idea even before you invest Rs 100 in it. This is not a trade recommendation. Please do your own due diligence/analysis.
Adani Power Target IntactAs always, expectations from Adani Power Q4 results were very high and even though results were good (except for higher tax amount), there is a sense of disappointment in the street. The story remains intact; may be some more consolidation. Any panic fall towards 570-560 due to rumours/news should be treated as an opportunity to buy. This is not a trade recommendation. Please do your own due diligence.
Adani Power hits record high; rallies 18% in 4 daysThe stock of the Adani Group integrated power utilities company is quoting higher for the fourth straight trading days, surging 18 per cent during this period
Shares of Adani Power hit a record high of Rs 611.75, as they rallied 4 per cent on the BSE in Wednesday’s intra-day trade on a healthy business outlook in otherwise a weak market.
The stock of the Adani Group integrated power utilities company is quoting higher for the fourth straight trading days, surging 18 per cent during this period. It surpassed its previous high of Rs 589.30 touched on December 6, 2023. In comparison, the S&P BSE Sensex was quoting down 0.4 per cent at 73,618 at 09:23 AM.
ADANIPOWER-Bullish Momentum Continues with Strong Support.1. Trend Analysis:
Adani Power has been in a continuous uptrend since April 2023, forming higher highs and lower lows. This is indicative of a bullish trend, suggesting that buyers have been in control.
2. Moving Averages:
The 30-day Simple Moving Average (SMA) and 50-day SMA are acting as significant supports, confirming the bullish sentiment. These moving averages are often used to identify the trend direction, and the fact that the stock is consistently above them is a positive sign.
3. Significant Development on 24 November:
On 24 November, a noteworthy event occurred, leading to a substantial 42% price movement within just 12 days. Such rapid movements can indicate strong momentum and interest from market participants.
4. Consolidation Phase:
After the rapid move, the stock underwent a consolidation phase for nearly 1.5 months. During this period, volumes remained low, suggesting a decrease in trading activity and potential accumulation by institutional investors.
5. Volume Analysis:
On 24 January, there was a significant increase in volumes. This could indicate renewed interest in the stock and potential for a breakout. The combination of low volumes during consolidation and increased volumes during the breakout suggests a potential strong move.
6. Candlestick Patterns:
Candlestick analysis shows that on 24 January, there is a contraction in candle size, indicating a period of indecision or consolidation. This often precedes a significant price move. A breakout above the resistance level of 554 could signal a bullish continuation.
7. Resistance and Support Levels:
The resistance level at 554 is crucial. A successful break above this level may trigger a strong upside move. On the downside, the support at 511 is deemed strong. If the price closes below this level, it could lead to further consolidation or a potential downtrend.
8. Current Outlook:
As of now, the technical analysis suggests a bullish outlook for Adani Power. The stock has shown strength during the uptrend, and recent developments, including increased volumes and a potential breakout, support the bullish case.
Conclusion:
Traders and investors should monitor the key levels of 554 (resistance) and 511 (support) closely. A breakout above 554 could provide a bullish trading opportunity, while a breakdown below 511 might indicate a shift in sentiment.
Disclaimer:
The information provided herein is for educational purposes only and is not intended as financial advice. Any trading or investment decisions made based on the content provided are at your own risk. It is essential to conduct your own research and due diligence before making any financial decisions.
Long Setup in Adani PowerAn On Neck Chart Pattern Breakout happened on the weekly Time frame of NSE:ADANIPOWER
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Risk to Reward ratio will be 1:2
Stop loss will be on weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- On-Neck Chart Pattern
Technical Indicator :- Positive MACD Crossover
ADANIPOWER - AnalysisAdani Power Limited is a holding company engaged in providing electric power generation by coal-based thermal power plants and coal trading.
Financials:
TTM EPS: 27.81
TTM PE: 10.01
P/B: 5.74
Face Value: 10
Mkt Cap (Rs. Cr.): 107,415
Sector PE: 14.22
Book Value Per Share: 48.49
News: Adani Power, the Adani group company, on Thursday(03/08/2023), had posted a net profit of ₹8,759 crore for the first quarter of FY24, registering a robust growth of 83% from ₹4,780 crore in the same quarter last year.
Positives:
Strong Momentum: Price above short, medium and long term moving averages
Company with high TTM EPS Growth
Strong Annual EPS Growth
Efficient in managing Assets to generate Profits - ROA improving since last 2 year
Growth in Net Profit with increasing Profit Margin (QoQ)
Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
Increasing Revenue every quarter for the past 3 quarters
Increasing profits every quarter for the past 2 quarters
Annual Net Profits improving for last 2 years
Book Value per share Improving for last 2 years
FII / FPI or Institutions increasing their shareholding
Negatives:
Companies with High Debt
Inefficient use of shareholder funds - ROE declining in the last 2 years
Rising other income, and low operating income
Declining Net Cash Flow : Companies not able to generate net cash
NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
Adani Power: Powering up...After a 69% correction, the stock price has recovered to form a cup and handle pattern.
Ideal buy zone between 410-425.
Initial targets of 500 and 570. Revision, once these levels are achieved.
On the downside, 345-300 can act as important levels. Caution below 288.
Always keep a strict stop loss of 5-8% and follow proper risk management.
Note: Not a buy/sell recommendation.
ADANIPOWER | Mini Swing Trade📊 DETAILS
Sector: Power Generation/Distribution
Mkt Cap: 130,345 cr
Adani Power (APL), a part of the diversified Adani Group, is the largest private thermal power producer in India. The co along with its subsidiaries sell power generated from these projects under a combination of long term Power Purchase Agreements, Short term PPA and on merchant basis.
TTM PE : 8.86 (Average PE)
Sector PE : 16.42
Beta : 1.45
📚 INSIGHTS
Strong Performer
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators
17.55% away from 52 week high
Underperformer - Adani Power down by -11.07% v/s NIFTY 50 down by -1.79% in last 1 month
📈 FINANCIALS
Piotroski Score of 7/9 indicates Strong Financials
Disclaimer: This analysis Is For educational purposes only, And I'm not a SEBI registered analyst.
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