Everything mentioned in the chart.
Price now in consolidation mode. Wait for Either Breakout or breakdown.
It's not a buy or sell call. Just analyze the movement as per the support and resistance.
Just for educational purpose.
Hello Friends,
here we had shared possible elliot wave counts of stock Adani Green Energy, which is clearly showing that this stock has completed full corrective wave cycle as ABC of bigger degree (2), after completing full impulse wave cycle as 12345 of bigger degree (1), while completing correcting wave, it had formed zigzag correction pattern as ABC of larger...
Reversal in 786 Fibonacci level
Touch 450 plus support level
Good for long term investment.
Research your own idea. This for only educational purposes only.
Adani Group has been the talk of the town due to a report by Hindenburg Research. This share is in the news for the wrong reason so don't jump in. There is however, a very strong support at 1230 on weekly levels. Keep a watch and buy if the level holds.
Key highlights:
- Strong supply formed near 1800-2100
- Approaching weekly demand zone
- Monthly demand zone at 900-1050
- HTF structure is bullish
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager...
Adani Green Energy buy @ 1485.
Target - 1700 (Short Term View 1-2 Weeks).
Major Support - 1443.
These comments are only for educational purpose....please consult a Financial Advisor before Investing.
