Adanipoweranalysis
Adani Power Ltd (ADAN)breakoutAdani Power Ltd (ADAN) break out level
New s : Adani Power to start exporting electricity from India to Bangladesh
Yesterday strong Breakout with high volume.
Momentum created in adani power stock
Time to go for long adani
Buy above 408
Next target 432,462,510
Thank you
ADANIPOWER - Ichimoku Bullish Breakout Stock Name - Adani Power Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 346
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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ADANIPOWER looking for a base to ReFuelPlease have a look into the chart to get all details, I have tried to draw everything as much i found according to my study.
This Analysis is Based on Harmonic Pattern, Fibo & Price action.
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HAVE A GOOD GREEN TRADE
ADANIPOWER on potential breakout zone!!!Breaking above 135, the price closed on 143.20.
Initial target is 166, which the stock last reached in the week ending 7 June 2021.
Price movement above 166 could go till 175-180.
Weekly chart shows positive price action.
Good support zone at around 121, if the price fails to sustain and breaks below 135.
Volume looks strong.
Relative strength is positive and RSI is in momentum.
ADANI POWER PRICE ACTION ANALYSISAdani power underwent a lot of correction recently but now took the support of a trendline. If the 113 level is crossed, then we might see the above targets.
Here, the targets are forecasted by the XABCD bearish bat and butterfly patterns. This is a very risky trade considering the stop loss level being 20% below the buy level but highly rewarding if the trade goes right.
So, to exit with less loss if the trade goes wrong, follow the trendline and exit when the price breaks this trendline and the immediate lower low.
All the target and stop-loss levels are mentioned on the chart.
Happy trading :)
This is just for educational purposes.
Adani PowerAdani power has completed wave 1 and 2 and now it is in wave 3, daily macd has also given positive crossover along with bbc and trendline breakout with good intensity of volume, if wave 3 is going to be equal to wave 1 then it can be at 135 levels and if wave 3 extends by fibonacci 1.618% the it show atleast 162 or more, overall one can go long with mentioned key levels for mentioned targets.
breakout with volume
wave structure and key levels
macd in td
macd in wv
bbc in daily
bullish ungali in daily
rsi in daily above 60 and uptick
Disclaimer
i am not sebi registered analyst
my studies are for educational purpose only
please consult your financial advisor before trading or investing
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.