ADANI ENERGY SOLUTION LTD :- LONG
CMP:- 1045
target 1 :- 1250
target 2 :- 1575
target 3 :- 1816
stoploss :- 930
R/R :- 1:3
expected return : 20%- 50%
For education purpose only
As you were aware that after hindenburg report damaged Gautam Adani's company .
Now by looking chart you were amazed to see that major support shown by twizzer bottom candles. this a...
➡️highest ever sales
➡️hope margins will improve leading to highest ever PAT
➡️continuous expansion
➡️strong hands hold approx 95%
➡️300+% upmove to previous ATH
most of adani stocks gave a run up
personally planning to enter above 1170
sl 20-25% depending on market condition
if this is a proper breakout, can touch 2000+ soon
Adani Energy has been under recovery mode after sharp fall. The stock has shown the flag / pennant breakout on daily and weekly charts. Buy this stock @ 1140 with SL @ 1000 and TGT @ 1450
🟢1W charts indicate capitulation & volume explosion near 740
🟢AdaniTrans taken support @730 & seeing huge buying interest
🟢It has given buy signal at 871.90 on VSA Momentum indicator.
🟢Add more on declines near 775.SL= 715 on week closing basis.
ADANIENERGYSOLUTION stock is forming a bullish symmetrical triangle pattern in daily time frame and its previous volume also good for a up move. All the given targets are in chart and SL also.
Note : All the given ideas are educational purpose only do invest wisely.
@Nifty_50_ #adaniensol #energy #greenenergy #nifty #banknifty #stockmarket #nifty50
Triangle patterns are aptly named because the upper and lower trendlines ultimately meet at the apex on the right side, forming a corner. These patterns are formed once the trading range of a stock or another security becomes narrow.
Chart is self explanatory
Target is based on the base width
Stop loss & entry are marked
Share breakout after good consolidation
Volumes are also increasing,
likely candidate of potential reversal now.
Disclaimer:- My entries may result is financial loss to you, I have a risk management plan for every trade, placed a proper SL. Not a buy/Sell recommendation.
If a stock crosses a monthly resistance after a long time it can test the next resistance..
Most of the stocks are giving BO of 9 months resistance.. and in some cases DMI+ is also positive.. in those cases.. strong upmove may come...
Fib - this is the first pull back after a good rise from the bottom. The correction has halted at 38.2% of the swing. This is an indication of strength.
RSI - We have a positive divergence in both the oscillators, indicating reversal. The bull candles post that is a confirmation of strength.
MA- the conjugation of the three MA's is a quick Gann Point. So on...
I am not sebi register only for study purpose
Share target detail for long term only near two year approx
1st target in new year after supreme court decision 0.236
2nd 3 rd target hit after news 0.382 and 0.5
After election result bjp won and share boom done 4th and 5th target and make a new high 0.618 and 0.786 and 1
