ADANI Power closed at an upper circuit way before the market closed at 15th March. Looking at the RSI and Pattern formation, the levels of 85 are not far. SL 78.50
I will look at buying ADANIPOWER because :
It is on verge of breaking the 8 years resistance after 8 years.
It can give up to 80% returns.
Entry : 74
Target : 96/116/136
Stop loss : 55
8 years of trendline broken. Still it may retrace back to the resistant zone.
Good buy above candle close of 73 after retracement.
The highlighted zone is very high resistance zone.
Tomorrow publishing it's result.
anytime we can expect a blasting in the stock.
this time it hit uc ?? or double uc ??
dont know guys....lets wait and see :))
godawari power another power stock with power being one of the main centre of attraction of this MAD RUN
looks great as of now on chart , for some great gains ahead ...
Adani Power
CMP 47.35
- We observe a sudden surge in the stock from 34 odd levels to 64
- the red zone has acted as a major resistance zone since 2013
- and exactly from those levels the stock has tumbled to 47
- this could be a case of pump and dump however at current levels of 47 the stock is at multiple support zone levels
- & if the stock is able to hold...
