This analysis is only for educational purposes, Invest at your own risk!
ADANI GREEN ENERGY is close to its 52 week high with a gap of 5.95%
The volume suggests that the rise in price is coming to an end and a downfall is near.
Hence getting into a short position at around 230-220 INR will prove to be profitable.
Traders should place their stop losses...
This analysis is only for educational purposes, Invest at your own risk!
A descending triangle pattern can be seen with the resistance line at price 803-804.
Going long at 813-814 an targeting to sell at around 850-855 can prove to be very profitable .
The Volume pattern can be seen to be stable a supportive with the above mentioned pattern.
Any kind...
HDIL has made a cup with symmetric triangle formation ...and somewhat at bottom trendline, looks like a double bottom...
If it gives breakout and crosses the resistant line then we may see big upside....
Short term target are 92/95
SL 90
I will update longer target if breakout happens.. :D
Note: Do your own study before making any position...
Please...
