Adani Power - Trade Review | Went to Moon🔰Don't enter now | Don't chase the stock | No possible entry now without a huge risk :) - Trade carefully
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🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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ADANIPOWER
#POWERGRID CMP236Target258 #ADANIPOWER #TATAPOWER #RPOWER #NIFTYWeekly Chart
#POWERGRID
NSE: POWERGRID
Short Term Quick Profit
CMP 236.25
Target : 258
SL : 226
Timeframe < 30 Days
Can hold for longer time
The BONUS:
The stock is picked up not for this small target.
The Long Term Target is a lot more
This might take around 9-12 months from now.
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections and then higher highs again.
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Adani Power - Ready Set GO !!🔰 MY thought process :
⭐Symmetrical pattern BO again at monthly resistance
🔰Am I taking this trade now:
Already in it :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<>>>>>
adani power (ready to fly again)In march I was able to capture its move , similar pattern it is making now .
In the coming days it is going to give brakout and it will fly again .
With stocks like adani power it is good to take risk as it surges really fast .
I will enter even before brakout you can also think like this.
Adani Power Long idea CMP - 89.30. Stock taken support at previous high, respecting the higher high pattern. The upper circuit on Thursday was supported by higher volumes. Targets and SL mentioned in the chart.
Disc - Only for learning purpose. Not SEBI registered. I have already entered the trade on Thursday @83. Do your own analysis before entering.






















