A Comprehensive Analysis Following a Remarkable 25% Gain. All Indicators and Volume Metrics Align, Backed by Significant Institutional Interest. An In-Depth Examination Reveals a Cohesive Picture, Indicating Readiness for Another Substantial Move. Positioned for Success as Big Players Enter the Arena, Adani Power Appears Poised for a Strategic Ascent, Setting the...
There is no guarantee in stock market and Nothing over week
Always Invest or trade according to your loss bearing capacity
Bet on Adani Power Ltd.
Target: RS 550
CMP: RS 523.25
STOP LOSS: RS 510
Disclaimer: I am not Sebi Registered.
An On Neck Chart Pattern Breakout happened on the weekly Time frame of NSE:ADANIPOWER
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Risk to Reward ratio will be 1:2...
Adani Power Limited is a holding company engaged in providing electric power generation by coal-based thermal power plants and coal trading.
Financials:
TTM EPS: 27.81
TTM PE: 10.01
P/B: 5.74
Face Value: 10
Mkt Cap (Rs. Cr.): 107,415
Sector PE: 14.22
Book Value Per Share: 48.49
News: Adani Power, the Adani group company, on Thursday(03/08/2023), had posted...
After a 69% correction, the stock price has recovered to form a cup and handle pattern.
Ideal buy zone between 410-425.
Initial targets of 500 and 570. Revision, once these levels are achieved.
On the downside, 345-300 can act as important levels. Caution below 288.
Always keep a strict stop loss of 5-8% and follow proper risk management.
Note: Not a buy/sell...
ADANIPOWER broke out of a daily base and a long weekly base with some volume catching on.
Power sector is heating up since past couple of weeks, keep an eye out on this to see how the week ends in terms of volume and price appreciation.
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
Adani power - Great set up at ATH. Could be a good candidate and give potential move.
Trade with proper Risk Management and with Proper Position sizing.
📊 DETAILS
Sector: Power Generation/Distribution
Mkt Cap: 130,345 cr
Adani Power (APL), a part of the diversified Adani Group, is the largest private thermal power producer in India. The co along with its subsidiaries sell power generated from these projects under a combination of long term Power Purchase Agreements, Short term PPA and on merchant basis.
...
Adani Power has a major support at the white horizontal line, if this is also broken, downfall of another 100 points may be on cards. Retailers please keep distance from this stock. Please refer to my previous idea on this stock. Link provided.
Stuck up between two horizontal red lines; with white line as the support. Stay away till 9th of October 2023. On 9th mark high and low of 2:01 p.m. candle and trade accordingly.
Trade only after 12th October. Retailers are advised to stay away from the news based stock.
I am not a SEBI Registered Analyst, please consult your financial advisor before...
![ADANIPOWER: ADANIPOWER BO [Weekly]](https://s3.tradingview.com/g/GhsurIWS_mid.png "ADANIPOWER BO [Weekly]")
