ADANIPOWER trade ideas
Adani power longOne can accumulate adani power from 48-50, can expect 60-64 level,,, education purpose only
ADANIPOWER Buy setupADANIPOWER weekly demand in control also monthly demand Responsible removing trend line wait for Daily Momentum shifted then go long new created Daily Demand
Adani power keep on Radar buy above 54 for 58-60-64-68+ CMP53Adani power keep on Radar
buy above 54 for 58-60-64-68+
CMP 53.25
One can buy 55 CE and book @ 58-60 rs level SL maintain below 48
ADANIPOWER - 20% UpsidePattern Date - 12-Apr-19
Stock - ADANIPOWER
CMP - 53.2
Price Pattern - Up Flag
X - 16
Target - 64
SL - 50
Time - 11
% Upside - 20%
RR Ratio - 1:3.66
Adani power Hold trend line supportBuy adani power .It is holding trend line support.Any dip could be used to buy.SL 33.8 Target 47 .Positional buy .
Possible H&S and Descending Triangle As you can see,H&S has been formed on the daily with the right shoulder forming into a nice descending triangle.The bear volume rising consistently supports the analysis.Hedge your positions if long.
Adanipower bull run finally ends?AdaniPower has been on a bull run from a long time, but it looks like it wants to take a break. The volume is decreasing and it is also forming a head and shoulder (Trend reversal). Wait for it to break the trend and retest to play it safe. Because it might end up playing the triangle and pump (the possibility is low for now, but to be on safer side, wait for it to break either side.
