Adani 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.
- 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),...
CNXEnergy 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...
Hello, 🤗🤗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.
Adani 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 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.
--> Take a...
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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My studies are Educational purpose only
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