Adani Gas Retraced long swing Hello everyone,
Adani total gas jump from bottom 575 to 860 now trading at 745 retrace 38% with volume drop indicates sellers dont have strength RSI also adjusted from overbought to now near 40 ema 50 support is there good long set up for trend fibbo extension 0.61% i.e 920++
Adanitotalgas
Adani Total Gas Took Support NSE:ATGL Took Support and Bounced Keep in Watchlist if it closes above 200 WSMA it will be a Big Boost although it looks like it will take time so keep in watchlist.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
ATGL - Bullish Swing Reversal with volumesNSE: ATGL is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 16% to 27% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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Adani Total Gas is the verge of BOOM💥💥💥Adani Total Gas is already trading in a limited range as per shown on Chart. Very soon it will break the upper resistance line and trade on a higher side. Target would be as follows:
1st Target - 994
2nd Target - 1040
Stop Loss - 910
Keep your watch on such levels
ADANI TOTAL GAS GANN FANN AND TIME N PRICE SQURE ANALYSISWe have seen tremendous fall in Adani Group due to Statement by Hindenburg statement. Now Price has Squared the Time as per Calculation ...Expecting Price to halt at this point or went to Consolidation zone. Price must respect the 50% fibonnaci level mention on the chart (2367.80) if on any circumstances price went below this then...Stock may suffer more. Let see what is in the LAP of future..
:)
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Channel Breakout in Adani Total Gas Daily Chart FrameWe can see, already there was a Channel breakout in this stock. Previous High was 2740, Now in a daily chart it already broken that level with good Volume. Movement has a potential to reach 3100 Level.
Now, If its coming for retest, 2740 should act as support. Next Support will be around 2610 and 2500 will be major psychological and important Support. Those who want to enter the stocks these are the best level.
Stop loss for Risk Takers will be below 2120 & for moderate risk taker can keep stop loss below 2320, Less risk taker can keep stop loss below 2440.
You can take trade based on entry level and risk taking ability.
This is just a view not recommendation to trade, Do your own Analysis before taking any trade. NSE:ATGL
YR 2022 Idea #54: Long on ATGLThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
Adani Total Gas At SupportAdani Total Gas is at Support levels. I feel these levels should be held, if we see strength in this counter at these levels, sky would be the limit. This stock is in a very very strong bull run of its own. Hence, one should not ignore this setup. Accumulate at current levels and follow the stop loss, which is also the support line (line drawn).