ADANI TRANSMISSION - 160% RETURNS!!!BUY - ADANI TRANSMISSION
CMP - Rs. 1100
Target - 1: Rs. 2010
Target - 2: Rs. 2830
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Technicals - Gap Down and Harmonic Patterns
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Adanitransmission
Adani TransmissionAdani Transmission looks weak like other Adani Group stocks. It has however started forming a doji and dojis can be a sign of reversal. We will have to see whether this stock can reverse or not. If it doesn't then it is best to stay out. If reversal comes in the next week then one can look to accumulate.
Adani Transmission - Important zonesKey highlights:
- Structural low intact
- Tapped into the weekly demand zone
- Important flip zone near 1460-1650
- HTF structure is bullish
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
CNXEnergy Nifty EnergyCNXEnergy will be an absolute avoid from a long perspective.
One can see that the RSI is losing a lot of strength and the index is unable to make higher highs.
We have witnessed this kind of pattern during 2018,2019 and we all know what happened in 2020.
It can dupe by a small movement but one need to observe if the index is unable to make a higher high then it will become problematic for the index.
The index contains
Reliance Industries Ltd. 33.82
Adani Transmission Ltd. 12.35
NTPC Ltd. 10.88
Power Grid Corporation of India Ltd. 10.31
Adani Green Energy Ltd. 10.13
Oil & Natural Gas Corporation Ltd. 6.91
Tata Power Co. Ltd. 5.06
Bharat Petroleum Corporation Ltd. 3.83
Indian Oil Corporation Ltd. 3.44
GAIL (India) Ltd. 3.25
I would absolutely avoid the above stocks as I am not seeing any great gains from long point of view.
Disclaimer - Please DYOR, Don't take any market positions based on my analysis.
ADANITRANSCMP: 3349
- Bounced from the 50% Fibo level
- Negated the big red candle of 25 Oct and closed above it
- Next levels to watch are 3420, 3600
Ready for short in Adanitrans in 2hr TFHello, 🤗🤗Friend's This stock is mainly for 20-06-2022 Intraday player's. We can see 👀 Transmission is going to blast. We are totally bearish 🧐 view on Transmission. We will sell this when price cross 1995 ❌ down & substain below with the accurate target🎯 of 1930,1871.We are ready for you Adani. Don't forget to add it on your watchlist for Monday.
Have a profitable Tomorrow👍👍👍.
Adani Transmission in Final 5th WaveAdani Transmission (Closing Price: 1869.9)
According to Elliott Wave projection, Adani Transmission price will hike and touch 2118 - 2304 - 2364 levels. And the day traders can expect 1920 - 1946 levels.
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.
Adani Ready to Transmit some gainsChart coming out of a long wedge. Risk reward good.
Adani group stock. Can go places.
ADANITRANSSeller in stock seems exhausted now. One can look for long opportunity above support line only.
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 in sideways At the same price point RSI is continuously decreasing, and it will take a swing in shorter time only. For medium and Short term it is in uptrend.
A good opportunity to buy at a discounted price
ADANITRANS - Bull day aheadBased on below factors -
1. Fundamentals
2. Price action
3. Volumes
Serious traders, please connect if interested
