Adani power | goShort | Dayit's looking like a trendy stock.
overbought + levels -->can reverse ----go short if goes below 45
ADANIPOWER
Flag Breakout Good Risk/Reward I've observed a good Flag pattern trade, which could reward well in short term. One can buy the stock with the following details
Entry 49.50
SL 46
Target 59.80
Risk/Reward Ratio 3
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
ADANIPOWER Over Bought!!!ADANIPOWER cross overbought zone and ADX storng trend keep watch for pullback
if beak Upward then enter the trade
SL use for 2% Rule
Adani Power short term viewAdani power may move upto target(shown in graph). Wedge pattern breakout done already. Descending channel breakout may happen upcoming days. Both pattern shows same target only.
Vijayaraghavan,
Kovilpatti
Short ADANIPOWER around 25.5 for trgt 23.5 sl 26.50NSE:ADANIPOWER has printed a bearish pin bar today ... so i will go short tomorrow
Adani Power 2yr NecklineAdaniPower is retesting the two year neckline, after an year long double top move.Probably going for a double bottom, if it can hold the neck.Awaiting a breakdown/reversal depending on the color of the nifty.
Adani Power - Trending Up It is been observed on the hourly chart that the price action is trending up by forming higher highs and higher lows. Now, it shall further move up from current levels if the trend sustains.
Target 1: 34.50
Target 2: 35.50
Stoploss: 32.50
Adani Power approaching channel supportAdani Power has been trading in uptred, it closed on weekend forming a shooting star pattern and approaching channel support, we may see the stock to go up to support 37.30 in near term.
Adani Power has been approaching channel supportAdani Power has been trading in uptrend and it closed on weekend forming a bearish shooting star pattern and we may see further down in this stock up to 37.35 in coming days.
Adani Power trading at channel supportAdani Power has been trading in uptrend and trading in a channel, it closed on channel support and may see upside from this level to 36.00 in near term.
Adani Power Buyers Pull Back It is been observed on the hourly chart that the price action shall pull buy from the strong support levels as the buyers are active at the levels. It shall move further up. We also see the divergence on the hourly chart as well.
Target: 29.50
Target 2: 30.50
Stoploss: 27.50
ADANI POWER CONSOLIDATION @ CRUCIAL SUPPORTAccording to MACD analysis, a bearish crossover just happened and it's a negative signal. But historically support is found in the range of 23.5 to 25.
Take Long position @ SUPPORT LEVEL 1
TARGET @ 27.5
SL @ 22
Adani Power - ConsolidatingThe price action on weekly chart indicates a consolidation between 26-36 price levels (10 points range) where currently the stock is trading at the lower side of range. This week closing shall decide further direction in price movement. Keep it in your watch list to gain best out of it on time.
I would also appreciate any feedback on it to bring clarity to our discussion and further trading decisions.
