ADANIPOWER trade ideas
ADANI POWER Inverse flag & Pole Pattern.Adani power Is making Inverse Flag & Pole Pattern. In hourly chart it is making Triangle.
AdaniPower Adani Power 1Hour Chart ascending channel , and broke out support line & price will go down and target will be 36.0
Adani Power Ltd: 37.25 is correcting to near bottom supportAdani Power Ltd: 37.25 is correcting to the bottom support line after attempting to make a breakout.
Sales improved to a good 1100 cr with no much profit. Debt equity is dangerously at 5.4 times.
But the recent quarter was showing some betterment. If it maintain a healthy result,
the stock can move to 50 & 70 level.
Poised for a breakout in monthly chart
Adani Power, longBullish engulfing pattern:
Uptrend with jump in volumes appeared on 05.1.2018;
Analysed on 07.01.2018: CMP 46.40
Weekly Daily
ADX = 22 32
+DI = 37 40
-DI = 11 9
+ DI crossed -DI on weekly charts on 22.12.2017
Stock in positive uptrened
Stop Loss of 41 on daily closing basis for targets upto 60
Power stocks coming to Power..!!!Case in Point
Adani Power
After respecting the resistance zone, the stock has come back ferociously to break out and rise higher
Rpower
The stock made double bottom at long term support zone
Take care & happy trading...!!!
ADANI POWER :: Mid term & Long Term AccumulateClose above CSR, we are looking for Mid term and Hold required breakout & Bullish confirmation we look for Long term.
Mentioned in the charts....(levels will update above 65)
Below day or Positional Levels are:
R1 R2 R3 R4 R5 R6 R7 R8 R9 R10
35 36 37 38 39 41 42 43 44 46
S1 S2 S3 S4 S5 S6 S7 S8
34 33 32 31 30 29 27 26
Cheers!
#ADANIPOWERValid BO1
EMA Divergence starts
Awaited a Strength candle on TGC
Binet's Formation detected!
Reversal confirmation for up movement
Adani Power: Is it on the verge of big breakout....???Adani Power
CMP 34.25
The story of Adani Power is no different from Rpower... trading near all time lows... all while Nifty index is at all time highs
However, there are some positive signs on the chart that draws attention...
- we observe higher bottom higher tops on daily charts
- meaningful crossover of 20 day EMA above 50 day EMA
- recovery seen from retest of 50 day EMA after crossover
- a close above its final hurdle zone 36.5-37.2 level and the stock could be rushing towards 50 levels
Support at 31.80 / 29 odd levels
Definitely has to be a stock to watch out for in coming days...!!!
Take care & happy trading...!!!
#ADANIPOWER - Symmetrical Triangle on DailyADANIPOWER has formed symmetrical triangle on daily chart. Breakout above downward sloping resistance line zone of 31.65-31.75
Adani Power - Keep an eye out for a break outHigh probability of this breaking above the symmetric triangle set up.
Will update the trade once the break out happens
Adani Power - Symmetric TriangleAdani Power has formed bearish harmonic bat and also broken the symmetric Triangle. It looks like its going to go further down
Short Below - 30.20
Target 1 = 27.50
Target 2 - 25.90
Long Investment I am looking to Go for Long in Cash Market at or Near 31.55 with stop as 27 For Target 40+
This could take around 50 days of investment
Risk 4.55
Reward 9.45
Very Attractive investment
Any drop below the buy Zone is Add to Existing
Regards
ADANIPOWER: Multibagger for coming day'sCandle pattern: Morning DOJI Star.
Bouncing from Strong Support Level (Zone)
Indicators: Bouncing from OverSOLD Region.
LONG @ 28.90 to @ 27.70
Swing trade levels Plotted on Chart.
ST_TP (Short Term Target Price): plotted on Chart.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
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Snapshot of Intraday Chart Updated later.
