The Breakout is clearly visible on Weekly charts of a breakout and bullish move after breaking the upper resistance, The MACD also has a bullish Divergence NSE:ADANIGREEN
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
Adani Green looks bullish on the chart. One can take position as a swing trade or a positional trade. Targets are mentioned in the charts. Purely price action based.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Wait for a breakout and retest above 1950-1960 for an intraday target of 1980-1990. Chart looks bullish on daily time frame for positional targets 2200-2220.
Adani green is following the long term range from 2020 as can be seen in the chart.
It has consolidated for almost 2 months now, the MA shows an uptrend, also the financials for the recent quarter shows an increase in revenue and netprofit although the Operation margin are down 7%, YoY the revenue is up and net profit are up with an operating margin which is...
Whenever a stock with good volatility moves in a side ways range - 'It accumulates lot of energy'.
After range breakout stock gives a good momentum.
The Above Chart has given an upward breakout.
Also, price has moved above all moving averages (20,50,100,200) !!
Low risk - High profit...
Good move, but the volume is drying up, if there is a huge volume and a breakout with big green candle you need to buy it, because it's good money, but since the volume is drying there are high chances of it getting rejected from the top so be careful
