currently price are consolidating with a rage. prediction, if the price crosses 238 level which is acting as resistance then there is great value in the future.
Also RSI and MACD are in favour.
best is to wait for a buy signal to know the price action or going long is best
*A rookie trying to master stock analysis
you are welcome to support or share your...
There is very good buying setup in Adani power. Whole corrective structure is part of weekly chart. you can expect pretty good r:r in this. there is already buying entry at lower time frame.
Good luck & stay safe//
TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 3 to 8 times.