PRD Previous ATH resistance is accting a as a big support.
1) weekly rsi taking support at the same zone from where it gave big move
2) big volume has been traded in the daily time frame
NSE:ADANIPOWER
ADANIPOWER trade ideas
Adani Power Near Breakout Retracement LevelAdani Power After Breakout, now comes near weekly Support Zone. Stock also posted results. Look price action near this zone.
Adani Power Technical ViewGood Monthly Demand Zone between 123-107. If stock reaches there once can take entry for 3-6 months and if fundamentals are good should bounce back from these levels.
ADANIPOWERIn the weekly chart of ADANIPOWER, we can see that 120 to 150 will be a major support to bring a upward trend .
Wait for a bullish candle and Plan an investment for an year or 2 years at this level.
Adani Power breakdownIn my opinion Adani Power has broken down severely and 200 is the next key support level. If there is no recovery then things can look tough for this stock. Adani Group has been the talk of the town due to a report by Hindenburg Research. The stocks have been in news for all the negative reasons.
Adani Power - Important zonesKey highlights:
- Sitting in the weekly demand zone but most likely it will breakdown
- Previous swing level near 166 can also act as support
- Previous swing level near 166 can also act as support
- Next important demand zone at 110-140
- HTF structure is bullish
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView
Adani Power Weekly Chart Adani Power Weekly Chart Analysis. Adani Group is in News today. Many investors are feared by the short selling. So here is the analysis.
ADANI POWERA great risk reward and high probability short to medium term swing.
Logic:
1. Uptrend on higher timeframe.
2. Daily Fib 0.5 support.
3. Low volumes on downtrend
Target and stoploss have been marked on the chart.
ADANI POWER, timeframe 1DAfter making high of 432.50 in August adani power continue making some low level. now trading at 307.90 level. Adani power making some trendline pattern. It is now trading at some support level. It has now a trendline support & also 299 level has a STRONG SUPPORT level.
For Adani power 285-300 is a strong support zone. if it is reversed from this support it will come again at 330-340 level. 340 its a some resistance for adani power. After breaking of 340 & trendline it will show 380 level. 380 its a STRONG RESISTANCE for adani power. If it break Adani power will show some new high above this level.
In downword direction if it will break 285 level it will show some down level 277,255 level.
ADANI POWERADANI POWER ...........................................................................
Adani power is a good buy above 334 For a target of 340 and 349.
Reasons:
1.Structure break on Hourly TF.
2. Support Zone on Monthly TF.
3. RSI Confluence.
4. Fib 0.5 Level on hourly.
ADANI POWERNSE:ADANIPOWER
Broken out of Falling channel or Bull Flag.
If sustain can witness Rally to new highs.
ADANI POWER - DAY CHART - 14.11.2022 - BAHAVAN CAPITALADANI POWER as per day chart analysis STOCK ABOVE 366 TARGET 371.
Happy Profitable Trading to All
Trendline Breakout Adani Power 1D daily chartTrendline Breakout Adani Power, A clear breakout of the trendline. Previously taken support at the historical resistance as can be seen in the chart.
ADANI POWER - DAILY CHART - 09.11.2022 - BAHAVAN CAPITALADANI POWER as per day chart analysis Stock Above 370 Target 380.
Happy Profitable Trading to all...
ADANI POWER - DAILY CHART - 1.11.2022 - BAHAVAN CAPITALADANI POWER as per day chart analysis Above 354 Target 363.
Happy Profitable Trading to All...
ADANI POWER.ADANI POWER shows it's again moving in a downtrend fractal, once the fractal is over and if the 327 level stays safe we can see mass volume coming up and price making a new leg up.
#adanipower
Adani Power taking support at EMA 100After too much correction Adani Power has taken support at EMA 100, importand levels 310, resistance at gap around 383 levels.
Any suggestions, pls comment
Will Adani Power copy Jindal Steel & Power !!?If I am correct then Adani Power can be bullish and is bounced back from the support level , the same as Jindal Steel & Power did!
Any suggestions, please comment
ADANI POWER - DAILY CHART - 28.09.2022 - BAHAVAN CAPITALADANI POWER as per daily chart analysis Stock is once again in consolidation between 381 - 362.
Once 382 is Broken then Target is 432
Once 362 is Broken then Target is 342
FII Net Buying
22025.62 Crores for August 2022
FII Net Selling
13143.57 Crores upto Sep 28 2022
It Shows FII only holding 8882.05 Crores as on today 28.09.22 and if they dilute then whether it can reach July level which was Nifty 15195? Lets see....
