ADANIENSOL trade ideas
Evening Star with Divergence An evening star is a candlestick pattern used by technical analysts to predict future price reversals to the downside.
Although it is rare, the evening star pattern is considered by traders to be a reliable technical indicator.
The evening star is the opposite of the morning star pattern. The two are bearish and bullish indicators, respectively.
Script = Adani Transmission
Time Frame = 15 min
Breakout stocks for tomorrow 07-12-2022, #adanitranstoday 3 of our stock outperformed nifty and i recommended one stock for tomorrow
ADANITRANSCMP: 3349
- Bounced from the 50% Fibo level
- Negated the big red candle of 25 Oct and closed above it
- Next levels to watch are 3420, 3600
Top and Bottoms: Price and Volume IndicationsHi, I personally look for following scenarios while identifying potential tops and bottoms and it works most of the times.
For tops:
High volume bars with very little progress on the upside
Exceptionally wide bars with very high volume
For bottoms:
High volume bars with little progress on the downside
Exceptionally wide bars with very high volume
This might sound confusing at first instance but it’s a very simple concept. Let us understand with the help of an example.
Adani transmission had a very sharp rally of 125% for approx. four months. But let’s see how this rally ended.
Notice very high volume indicating too much effort but the day had very little progress on the upside. Have you ever thought why this is so? Obviously due to sellers. Someone is stepping on it selling huge in a euphoric rally. This weakened the stocks.
Immediately after few days of this candle the stock made new high accompanied by a Doji. This is the first day in the entire 4month rally that it had a very high volume on a red day. Remember, we already had a weakness discussed above and this one was just a timely addition to this.
The stock lost buying interest after these two events. What may happen if buyers are not interested in a stock? Selling, right? Unfortunately, the reaction was very sharp and halted near a prior resistance level 3000, which is also a 50% retracement of the 4month rally.
Notice very high volume which I have labelled as stopping volume. Wide candles and huge volume again stopped the bearish rally. I won’t buy high volume down bars unless they are tested which it did with a lesser supply. It means that most sellers are out of this stock and not much selling left (at least for now).
The stock has since been trading in a range of 300-400 points. This strength (retests and hold) discussed above may hold the stock above 3000 for a push on the upside.
Do not consider this as a tip. This is just a concept that I wanted to share. Please apply your due diligence before hitting the buy button 😉
Thanks for reading
Now you know what do..hit 🚀🚀🚀 and enjoy trading.
adani transmission ....adani transmission ....
1 - forming inverted h&s 1hr time
2 - trading above 100 ma good support
3 - good volume
4 - good rsi 64 momentum
buy day high
wi sl @ 3182
t1 @ 3350 (intraday)
t2 @ 3400 (intraday)
t3 @ 3500 (positional)
Adani Transmission The idea is based on the Elliott Wave Theory. A potential ending diagonal suggests a reversal of the trend. In this case, we can see some more upside near to 4500 level, followed by a bearish correction/impulse.
Wait for RED CANDLEBEAR signal can give a good movement downside
Trend line acting as a good resistance
Clear uptrending chart with breakoutNSE:ADANITRANS Clearly uptrending chart with all time high breakout
Adani Trans : Ready for another set of rally Adani Trans : Ready for another set of rally .
Breaking out on medium term time frame ... Stock cud kiss 4400 , stop : 2500
ADANI TRANSMISSION BREAK OUTadani trans big breakout is coming all of you guys must buy any of qty irrespective of no. like 1 2 3 4 5 6 7
adani is going to be money printer this week
please not that this is adani transmission not adani enterprises
thank you
Ready for short in Adanitrans in 2hr TFHello, 🤗🤗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.
Have a profitable Tomorrow👍👍👍.
Adani Transmission - Key SupportThe stock is on the 200EMA below which the stock could loose all its bullishness.
If the stock doesn't bounce tomm it could be heading towards 1700.
If your holding the stock be a little cautious if it doesn't bounce asap.
adani transmission is a long ideaThe stock reached the confluence support of pitchfork lower median, 50% fib. retracement and also 200 SMA............one can go long for decent profits in coming days
Adani Transmission - Negative Divergence of RSIWith an RSI negative divergence and weak markets the stock is at a key support level. If it falls below the 50EMA (yellow line) it makes for an interesting short below 2450. Stoploss would be above 2500 for a target of 2150.
Adani Transmission in Final 5th WaveAdani 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.
Adani Trans - Swing TradeAdani Trans - Swing Trade
Breaking out after a nice consolidation, along with good volumes.
A good RR ratio trade. Hold for targets ;)
ADANITRANS--> ASCENDING TRIANGLE BREAKOUTNSE:ADANITRANS
TECHNICAL ANALYSIS
--> 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.
ENTRY
--> Take a postion when stock gives 1 HR closing above 2480.
STOPLOSS
--> SL can be placed below the POC at 2395.
TARGET
--> Target can be placed on the trendline on the top around 2650.
Adani Transmission Buy above 2465 with SL of 1645...add more on every 5% dip... hold for 2-3 months...can give 15% - 25% return
Adani Transmission BullishAdani Transmission Strong weekly closing near
all time high indicates rally may continue further
concentrate if price sustain above 2390 in daily
Multiple Breakouts in Price, RSI & RS: AdanitransMultiple Breakouts in Price, RSI & RS: Adanitrans
Detailed analysis given on the chart
NSE:ADANITRANS
