Adani Green has given a beautiful pullback to its previous
1. resistance zone
2. double bottom neckline
3. trendline
A possibility of a long trade when the high of the most recent candle is broken on above average volume which breaks theresistance level, neckline and
push off from trend line.
Targets can be taken at T1 and T2
Keep It Simple
Adani Green Cmp 2411 dated 19-8-2022
1. Ascending Triangle Pattern
2. BO @ 2450
3. Volume Rise.
4. RSI on urge of BO
Buy above 2450 for tgt of 2550-2730-2840-2950
3200 SL 2220
It is just a view, pls trade at your own risk.
ADANI green energy stock analysis
Chart showing an bilateral pattern in ascending triangle pattern structure formed, wait for the trend line resistance level or support breakout after entering the trade
adani green showing 30 % upside from this level .
rsi is supporting the move ,ema is respected and
we may see a breakout .
if breakout candle cumms good volume ,we should ride the bull
Looks like adani green have CNH breakout.
Will trade with strict stop loss.
Targets and stop loss mentioned on charts. 😇
Enjoy.
Views personal.
I Can go wrong.
Not a trading recommendation.
DYOR
Adanigreen looks good since this breakout occured on low adx there is a chance of start of new trend. Buy it and use macd for carrying out the trade but as soon as the price falls below the trendline the get out.
NSE:ADANIGREEN
Reason for Trade : Created a Green Big Candle with Huge Volume.
Cmp : 2207
Entry : CMP or Near 2151
Stop Loss: According to one's Risk Reward ratio
#Study, Learn & Earn.
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