ADANITRANS | Swing Trade📊 Details
Adani Transmission Limited (ATL) belongs to the Adani Group. The Co is a private sector power transmission and distribution company engaged in the business of establishing, commissioning, setting up, operating and maintaining electric power transmission systems in India.
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ADANITRANS
Adani - A technical perspectiveHi all, hope you are trading well. It’s been a long time since I last posted. Apologies for that. 🙏
With all the buzz floating around Adani and let's see the charts from a technical perspective using supply demand, market structure, and basic S/R. Please note that I am not a fundamental analyst and hence not concerned with the underlying working structure of the company.
We are going to see all the Adani companies along with the custom simple weighted chart of the Adani group.
- Adani simple weighted index (excluding AWL for more data)
- Adani simple weighted index (including AWL)
- Adani Enterprises ( NSE:ADANIENT )
- Adani Ports ( NSE:ADANIPORTS )
- Adani Green ( NSE:ADANIGREEN )
- Adani Power ( NSE:ADANIPOWER )
- Adani Transmission ( NSE:ADANITRANS )
- Adani Gas ( NSE:ATGL )
- Adani Wilmar ( NSE:AWL )
Let's get started!
🚨 Adani simple weighted index (excluding AWL)
- Plenty of demand zones on the downside
- Internal structure has shifted
- Structural low is still intact
- HTF structure is bullish
🚨 Adani simple weighted index (including AWL)
- Less data due to AWL
- Structural low is intact
- Approaching demand zone
- HTF is bullish
🚨 Adani Enterprises
- Former daily demand zone should now act as a supply
- Weekly demand zone at ~2000-2400
- Reaction from the demand zone will show the intent of long-term buyers
🚨 Adani Ports
- Distribution cycle complete
- Range low will act as a supply
- Tapped into the weekly demand zone
- Need to wait for the structure to develop on the daily time frame
- Flip zone at 400-430
🚨 Adani Green
- Strong supply formed near 1800-2100
- Approaching weekly demand zone
- Monthly demand zone at 900-1050
🚨 Adani Power
- Sitting in the weekly demand zone but most likely it will breakdown
- Previous swing level near 166 can also act as support
- Next important demand zone at 110-140
🚨 Adani Transmission
- Structural low intact
- Tapped into the weekly demand zone
- Important flip zone near 1460-1650
🚨 Adani Total Gas
- Forming Wyckoff distribution schematic on daily
- Most likely it will approach the weekly demand zone soon
- Flip zone near 1460-1700
🚨 Adani Wilmar
- Hovering near daily demand zone + swing level
- Any lower move can trigger a sell-off to the weekly demand zone
Thanks for reading. I hope you found this helpful! 😊
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView
Adani Group before & After HindenBurg Report - ImportantThere is this very famous saying in Stock Market - Market keep doing what it wants to, and news/events are just excuses given for small traders to satisfy their logics.
You can see this in charts of various Adani group of Shares. check below charts -
These shares were already in correction mode before this report.
Now decide yourself, whether one needs to panic or not.
Evening Star with Divergence An evening star is a candlestick pattern used by technical analysts to predict future price reversals to the downside.
Although it is rare, the evening star pattern is considered by traders to be a reliable technical indicator.
The evening star is the opposite of the morning star pattern. The two are bearish and bullish indicators, respectively.
Script = Adani Transmission
Time Frame = 15 min
CNXENERGRY - Upward Moving Channel Key highlights: 💡⚡
📈 Index is moving in Upward Moving Channel since 4th Nov 2020 as mention in chart.
📈 Index is taking exact support of lower trend line.
📈 MACD is also giving Crossover.
📈 One may go for swing trade into ENERGY SECTOR.
KEEP AN EYE ON ENERGY SECTOR STOCK.
EXAMPLE - ADANITRANS , RELIANCE
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
ADANI PORTS Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
ADANITRANS--> ASCENDING TRIANGLE BREAKOUTNSE:ADANITRANS
TECHNICAL ANALYSIS
--> ADANITRANS is on the verge of breaking out of the ASCENDING TRIANGLE .
--> ADANITRANS has given two consecutive closing above the POC (Point of Control-Volume Profile).
--> Stock has tested the top of the Ascending Triangle multiple times so next time there is a high probablity of breakout.
ENTRY
--> Take a postion when stock gives 1 HR closing above 2480.
STOPLOSS
--> SL can be placed below the POC at 2395.
TARGET
--> Target can be placed on the trendline on the top around 2650.
#ATGL ADANI TOTAL GAS #ADANIENT #ADANITRANS #ADANIPOWER #ADANI #ATGL
ADANI TOTAL GAS Ltd.
NSE:ATGL
NSE:ATGL
Risky but could be a great trade
RR Ratio > 2.5
CMP: 1501
Target 1940 almost 30%
SL: 1326
Time < 6Months
Others:
NSE:ADANIPORTS
NSE:ADANIPOWER
NSE:ADANITRANS
NSE:ADANIENT
NSE:ADANIGREEN
Factors:
BULLISH WEDGE BREAKOUT
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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ADANITRANS : Reversal possible Based on Strategy#2, reversal can be possible from Zone line.
Good risk reward possible here. Next day after no lower circuit can be good entry
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
ADANITRANS TRIANGLE 30MADANITRANS is forming a triangle pattern in 30M timeframe. It can give a breakout in the coming trading sessions. It can be a good positional trade with SL initially at the nearest swing low and then trailing it tightly to ride the rally. You can add this is your watchlist and keep a track of it. You can enter the trade when price crosses the high of breakout candle. Happy Trading!
Intraday / Swing Setup: Looks good above 302 with SL of 294 Intraday / Swing Setup: Looks good above 302 with SL of 294 for swing for the target of 319/330. For intraday we can keep SL 298 and target can be 310/315/320.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading