its near to resistance if it will break then possible move upside is 35%
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%...
Bullish flag pattern on this. Learning purposes only
--Stock trading in tight range --consolidation gonna reward big --VCP with dried volumes and tightness --Target 803 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...
Adani power is in the highest resistance zone and its holding good with support , i will keep holding it
Adani Power : Looks Great for a breakout A Beautiful Volatility Contraction Pattern (VCP) in progress Need to sustain 590 levels Ascending Triangle breakout possibility
VOLATILITY CONTRACTION PATTERN (VCP) from book ( TRADE LIKE A STOCK MARKET WIZARD Chapter 10 ( A Picture worth million dollor )
Excellent trending charts on all Adani stocks. We can see a bounce on 200 DMA, and then making a high on Dec 5th. Its been consolidating since 2 months and its time to breakout or hit SL. Only enter after Day closing above 580 (FLAG pattern or GUN Pattern). Target 700++ and hold for more if Bullishness in Power sector continues. Not a recommendation. All...
Breakout in Adani Power Target - 680 Note - only for education purpose
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below... SWING Trading Strategy: Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%) INTRADAY Trading...
Breakout possible in Adani Power Limited....................
Triangle break out so 1st target 584 short term and long term 660
Rules Of Elliott Wave Theory: #1.Wave 2 never retraces more than 100% of wave 1. #2.Wave 3 cannot be the shortest of the three impulse waves, namely waves 1, 3 and 5. #3.Wave 4 never enters the price territory of wave 1.
1. Trend Analysis: Adani Power has been in a continuous uptrend since April 2023, forming higher highs and lower lows. This is indicative of a bullish trend, suggesting that buyers have been in control. 2. Moving Averages: The 30-day Simple Moving Average (SMA) and 50-day SMA are acting as significant supports, confirming the bullish sentiment. These moving...
eason for long a)Triangle breakout b) Engulfing set up c) Super vwap breakout d) channel support e) QQE about to give long f) SL compulsory
Triangle formed so wait for break out anyone side for big move.
-adani power currently in strong zone but can move both side -near trend support if breaks 512 level then it will fall further 3-4% -below there is 50 ema which will support -volume is just decent so chances of recovery is very high -keep in radar it can give decent return both side with good rr