Adani Power (Daily Timeframe) - Bullish BreakOut or NotAdani Power has been in an uptrend since Nov 2024 & has formed a Triangle pattern. The past two days it has BrokenOut of the Triangle pattern with exceptionally huge volume indicating buyer interest. Short-term EMAs are in PCO state as well as the stock has breached two major resistance trendlines asserting Bullishness. A Golden Cross-over has formed since few days, indicating Bullishness
We may see levels of 749 if the momentum continues as well as a major resistance trendline is breached. It may go down to 583 levels if momentum is not sustained.
Keep monitoring the price-action !!
ADANIPOWER
Adani power breakout anytime Adani power price hover just above resistance can give breakout anytime, earlier it was showing head and shoulder pattern and now changed into cup and handle pattern, also the support is also moving up.
Can expect a breakout anytime.
Entry around - 600
Target - 750
Duration 1-2 month
PTC India for 100%+ gainsDate: 25 Nov’24
Symbol: PTC
Timeframe: Weekly
Seems like, Wave 4 is finally over in PTC India (in my 15th Sept post, I mentioned it as already over but the Wave was a complex one) and it will soon resume its up move in Wave 5 for the destination of 370-80. Some interesting facts to know why it can still double up from its current price of 168?
a. Healthy sales growth and debt reduction (lower interest cost) resulting in better balance sheet
b. Trading at very low Market Cap to Sales ratio of 0.30 and below book value
c. On charts, the stock is currently trading at price lower than December 2007 (it made a high of 201 in 2007)
This is not a prediction but a possible wave count. This is also not a recommendation to trade or invest. Please do your own analysis.
Aakhirkaar PTC India mein Wave 4 khatam hota dikh raha hai (mere 15 September ke post mein, maine kaha tha Wave 4 lagta hai end ho gaya hai par usne complex roop leliya) aur yah jald hee 370-80 ke lakshya ke lie Wave 5 mein apanee upmove phir se shuroo kar dega. Yah stock 168 se current price se kyon double ho sakta hai, neeche padhe.
a. Achi sales growth aur debt mein kamee (kam interest payments) ke kaaran ab balance sheet better hogayi hai
b. 0.30 ke bahut kam market cap to sales ratio aur aaj ka price book value se bhi kam hona
c. Chart par, stock abhi bhi December 2007 se bhi kam price par trade kar raha hai (2007 mein isne 201 ka high banaaya tha)
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.
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.