ADANI POWER - DAILY CHART - 28.09.2022 - BAHAVAN CAPITALADANI POWER as per daily chart analysis Stock is once again in consolidation between 381 - 362.
Once 382 is Broken then Target is 432
Once 362 is Broken then Target is 342
FII Net Buying
22025.62 Crores for August 2022
FII Net Selling
13143.57 Crores upto Sep 28 2022
It Shows FII only holding 8882.05 Crores as on today 28.09.22 and if they dilute then whether it can reach July level which was Nifty 15195? Lets see....
Conslidation
Deepak Nitrite : Excellent Risk Reward Swing OppurtunityNSE:DEEPAKNTR has broke out of ascending triangle and made a retest. The stock is currently at support level (Previous resistance) and is also taking support from the trendline which is a confluence. There is a good chance the stock might reverse from here and test all time high. Conservative traders can wait for a green candle formation at this level which adds another confluence of double bottom. The stock is consolidating for nearly a month and has good chances to rally from here.
This is just my view ,please follow your trade plan and risk management before initiating any trade.