Buy 102 aggressive target adani powerFirst Target 142 2nd target 208 S/L 67 Adani power hold 6 months to 1 year achieved the target
ADANIPOWER trade ideas
Adani Power - Symmetrical Triangle on Daily ChartAdani Power is in an uptrend. The counter went into the consolidation after 25th March 2021. This almost 2 month long consolidation is characterised by a downward sloping resistance line and upward sloping support line forming a symmetrical triangle. The price gave an upward breakout to the resistance line on the daily candle of 18th May 2021 and closed at the level of Rs.101.90. This breakout is supported by huge volume. I anticipate the price target of Rs. 128 and suggest the stop loss at Rs.98 to be followed for the first 4 daily candles starting from 19th May 2021. The risk/reward ratio more than 1:6. Thereafter, the profit booking/ exit decision should be based on achievement of the price target or downward crossover of 26 EMA by 5 EMA whichever is earlier.
NOTE: This idea is an attempt to predict the future price movement. Investment based on this idea, if any, shall be solely at the risk of the investor.
adani power (ready to fly again)In march I was able to capture its move , similar pattern it is making now .
In the coming days it is going to give brakout and it will fly again .
With stocks like adani power it is good to take risk as it surges really fast .
I will enter even before brakout you can also think like this.
Adanipower RSI>60. We can see 5-10%.Adanipower again bullish after pull back of previous high.
Currently it is reading at RSI>60.
Short term tendline have also been broken.
CMP 99.65.
On closing above 100.
New high can be tested. We can see good 5-10% ++ move here.
Adani powerif it breaks the resistance of 110 rupees we can expect upto 150 rupees
if breaks the trend line ..will wait for the monthly correction to buy at the correct price..
ADANI POWER As price is in a bullish flag pattern we can expect a bullish move best possible entry after breakout of the pattern. "EDUCATIONAL PURPOSE "
Bullish above resistanceAdani Power has crossed the last barrier of descending resistance recently and one can go long keeping a watch on the level of 85.20 which should not be breached in short term
Adani power breakoutAdani Power
Looks good for an upside if it holds 99.50 levels
Stop loss 94
Target first 109
Target 2nd 120
View for educational purposes only
Adani power.... BreakoutAdani Power
Looks good for an upside if it holds 99.50 levels
Stop loss 94
Target first 109
Target 2nd 120
View for educational purposes only
6 percent conform ⬆️and many more to go.Catch the swing of 6 percent or more in few days, use suitable stoploss according to your risk ie 76 OR 83.
Adani Power Long idea CMP - 89.30. Stock taken support at previous high, respecting the higher high pattern. The upper circuit on Thursday was supported by higher volumes. Targets and SL mentioned in the chart.
Disc - Only for learning purpose. Not SEBI registered. I have already entered the trade on Thursday @83. Do your own analysis before entering.
ADANIPOWER - LONGAdani Power looks bullish. Can book for short term target.
Disclaimer - Only for educational purpose.
