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ADANI GREEN ENERGY LIMITEDADANI GREEN ENERGY LIMITEDADANI GREEN ENERGY LIMITED

ADANI GREEN ENERGY LIMITED

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ADANIGREEN trade ideas

ADANI GREEN ENERGY: Consolidation Phase with Key Levels to WatcMarket Overview: ADANI GREEN has recently entered a consolidation phase, with price action fluctuating within a defined range. This analysis will examine potential entry points, target levels, and stop-loss placements based on the current technical setup. Technical Analysis: Price Action: The stock has seen a significant drop, but it has recently bounced off a key support zone around ₹1,200. A bearish channel is visible, indicating ongoing pressure but potential for reversal. Key Levels: Support Level: ₹1,200 (recent low) Resistance Level: ₹1,300 (recent high) Volume Analysis: There has been a spike in volume during the last trading session, suggesting increased interest, which could lead to a breakout or further consolidation. Chart Pattern: The chart indicates a descending channel, with potential upward resistance. Watch for a breakout from this pattern to gauge market direction. Trade Setup: Entry Point: Look for an entry if the price breaks above ₹1,250 with strong buying volume, indicating bullish momentum. Target Price: Set a target at ₹1,300, coinciding with recent resistance levels. Stop-Loss: Place a stop-loss at ₹1,180 to limit potential losses, just below the recent support level. Conclusion: ADANI GREEN is at a crucial juncture, and monitoring the breakout from the current consolidation phase will be key. A strong volume break above ₹1,250 could signal a bullish move, while failure to hold the support at ₹1,200 may suggest further downside. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please perform your own research and consider your risk tolerance before making trading decisions.
NSE:ADANIGREENLong
by TradeAXN
Adani Green Taking Support at Demand Zone with VolumesNSE:ADANIGREEN Adani Green is Taking Support at the Demand Zone with Good Volumes. Although it is a very volatile counter and there is news of corruption, so DYOR is before trade. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:ADANIGREENLong
by Karanshah137
ADANIGREENADANIGREEN Resistance Line (Red): The upper red dashed line is acting as a resistance line, where the price has previously struggled to break through (as indicated by the red arrows). Support Line (Red): The lower red dashed line is the support level, where the price has bounced back up (as indicated by the green arrows). Possible Breakout Scenarios Bullish Breakout (Scenario 1): If the price breaks above the resistance line, the stock could potentially move higher towards the next resistance level around ₹3,050, as indicated by the dashed blue line with label "1". Bearish Breakdown (Scenario 2): If the price breaks below the support line, it could drop significantly, potentially moving towards the lower level around ₹400, as indicated by the dashed blue line with label "2". Scenario 1: Bullish Breakout Breakout Level: Around ₹2,000 to ₹2,050. 1First Target: ₹2,400 - This is the first level of resistance, where the stock previously faced selling pressure. Second Target: ₹3,050 - The upper resistance level, marked as "High" on the chart. This could be a medium-term target if the bullish momentum continues. Extended Target: ₹3,600 - If the momentum is strong and supported by increasing volume, the stock could potentially reach this level, which would be a measured move based on the height of the triangle pattern. Scenario 2: Bearish Breakdown Breakdown Level: Below ₹1,750. First Target: ₹1,400 - This is a key support level from the previous swing low, and it might act as a buffer before further decline. Second Target: ₹800 - This is a more substantial support level that aligns with previous significant lows in 2022. Extended Target: ₹400 - This is the lower extreme marked by the chart, which could be reached in a severe bearish scenario, possibly driven by a market-wide correction or negative news specific to the company. Stop-Loss Strategy: Bullish Trade: Place a stop-loss just below the breakout point, around ₹1,750, to protect against a false breakout. Bearish Trade: Place a stop-loss just above the breakdown point, around ₹2,050, to safeguard against a false breakdown. for MORE check in my Tv-id " in.tradingview.com " If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its. "Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks🙏 epro-bullswings dt02/09/24
NSE:ADANIGREENLong
by asAMOLSUTAR