Adani Power has broken the previous top and if sustains above 355 we expect to see 385 and 405 in upcoming sessions.
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This Analysis is Based on Harmonic Pattern, Fibo & Price action.
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Adani 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...
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.
As price is touching upper circuit every day but the RSI is decreasing and moving sideways as price increasing. It might be an indication for the big downfall in near future
