Adani power- Already C&H breakout target in monthly timeframe is 733. Now the flag formation in 4 hours timeframe confirms the same target as can be seen in the chart.
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
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...
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...
An 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...
Adani 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...
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...
📊 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.
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the counter which was hammered by heidenburg reports!!
i expect it to touch a 15% upmove area
multiple reasons beyond technicals
one is to maintain market cap of the group
being one of the nifty stocks in adani folio
other stock may show underperformance but such counter with real value are someone who should perform !
i like a quote that could be useful...
BUY - ADANI POWER LTD
CMP - Rs. 274
Target - 1: Rs. 405
Target - 2: Rs. 490
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Technicals - Bullish Flag BO
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Note: Both Targets will be achieved in 1-1.5 years.
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This is just a view by an expert analyst, please invest at your own risk.
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Adani Total Gas is already trading in a limited range as per shown on Chart. Very soon it will break the upper resistance line and trade on a higher side. Target would be as follows:
1st Target - 994
2nd Target - 1040
Stop Loss - 910
Keep your watch on such levels
If you have seen my above post on Adani Enterprises share done on 3rd March. Then you are at the right place, as I already said. that its shares will return to its 1300rs level in the next few days And today it has begun to find that lining. I think so. Because today's high which is around 2135, has seen a decline since then. Which stopped at the bottom line of...
Best buying and holding for the delivery range is around 100 to 120.
Long term targets 150+
Alert: This is my own opinion. Please do your own analysis before taking position. Thanks.
