Adani power- Already C&H breakout target in monthly timeframe is 733. Now the flag formation in 4 hours timeframe confirms the same target as can be seen in the chart.
adani power is in buying trend and also a stock among all adani stock who breaks its all time high it means buyers are more intrested in adani power among all adani stocks and acording to darvax mathod after consolidation it gives clear breakout and can give good upside move target calculated according to fibonacci and wd gann method
## Adani Power: Recent Performance and Potential
**Adani Power** has demonstrated a strong performance this week, experiencing significant gains. This positive momentum suggests a potential breakout and continued upward movement.
**Factors Supporting Adani Power:**
* **Increased Power Demand:** As summer approaches, power demand is expected to rise,...
The stock of the Adani Group integrated power utilities company is quoting higher for the fourth straight trading days, surging 18 per cent during this period
Shares of Adani Power hit a record high of Rs 611.75, as they rallied 4 per cent on the BSE in Wednesday’s intra-day trade on a healthy business outlook in otherwise a weak market.
The stock of the Adani...
Consolidation for nearly 4 months at the top.
Gave a Beautiful Breakout but, the interesting part here is the volume.
BO without volumes 🤔🤔
Let's keep in radar for study purposes.
Note: This is only for Educational purpose(Not for Buy/Sell) Please consult your financial advisor before investing.
Reason for long
a) Mr.14 Set up
b) Engulfing candle with volume
c) Super vwap set up
d) Good risk reward zone
e) Consolidation breakout
f) SL compulsory
--Ascending triangle
--Breakout level 574
--wait for the breakout
--Adani group in focus
--Target 757
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon...
1. Flag & Pole breakout
2. Long consolidation phase
3. company coming out of ASM 4
4. breakout above 580
5. target of 770+ in next 2 months
6. Range bound within triangle only
7 . Triangle breakout also coming soon
The stock gave a breakout from cup and handle pattern 412 was a crucial resistance which was smashed by the stock few months ago and now the stock has been forming a flag pattern which will be followed by a pole in any time from now moreover the stock has absolute stunning fundamentals , adani power is trading at meagre PE OF 9 also the net profit has been...
Long. Good consolidation after an uptrend. Likely to go up with a target price of about 670. You can keep an SL as the low of the breakout. But will have to wait till the breakout for entry. Keep on watchlist.
ADANI POWER: Positive DEMA golden Crossover indicates a move to 580.if it holds at 580 levels the likely double bottom pattern breakout suggests a move to 600+(for educational purpose only)
1. There is formation of typical Bullish Flag like pattern on Daily Time frame and breakout above 590 can take the price to 750/- price level I.e. potential of approx. 30% upmove with a stop loss below today’s low I.e. 517/-. Giving an excellent opportunity of 1:2 Risk : Reward.
2. As per Elliott Wave Analysis, wave - 4 is under formation taking support at 38.2%...
