As all knows about adani group stocks tanked down due to hindenburg report, so, i though to share next course of action on those, follow the levels for entry, support and target.
Adani Total Gas has also faced the brunt of the Hindenburg Research Report. Like other Adani Group Shares this share has also corrected. Wait for the price to settle. A support at 1970 looks good.
ATGL:- The stock has formed an assessing triangle pattern on the hourly chart. Keep an eye out for breakouts on this stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my...
ATGL:- formed rounding bottom pattern and also breakout the resistance level. consolidate buy on current level. but strict Stop Loss. Go for short term target......!!!!!!!!!
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this....
Many of you dont know but you can create an index for yourself. That means charts to be looked for a particular group of companies, or your portfolio, etc.
This helps us to catch momentum not only in 1 stock but for all stocks of a particular group, or industry. Or a mix of these 2 characteristics.
#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...
ATGL Positional View. Good to go long
REASONS TO TRADE:
INVERSE HEAD & SHOULDER
CROSSING MA 44
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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
ABOUT THIS PATTERN:
An inverse head and shoulders pattern is comprised...
Here is the expected moves of ATGL . ATGL has crashed from top. The stock can take a pause and give a upside movement for a short span of time. Expected Support Zone - 745 -750. Wait for a green candle in this zone. Do not just jump.
