~All the information given in the chart is for the educational purpose only. ~Do your own research before investing. ~This is not my recommendation. ~My recommendation--LEARN MORE EARN MORE.
the setup looks promising upto 6:1 rr so lets give it a short. first target can be taken at 3:1 and wait for next
as you can see in the chart adani power makes double bottom pattern and brakes the neckline upside and retest this neckline as a support area
Adani Power Support & Resistance Levels on Weekly Timeframe
Patiently waiting for the price to come at the retest level, as marked below. Successful trader/investors hold the best scrips for a long time, they don't exit the trade until there is a very good reason to SELL Happy trading.
ITS just only my Analysis NOT Recommondation for Trade ...... i think its next level is may be this ..
Adani power looks good... forming W or double bottom chart pattern
Best buying and holding for the delivery range is around 100 to 120. Long term targets 150+ Alert: This is my own opinion. Please do your own analysis before taking position. Thanks.
As all knows about adani group stocks tanked down due to hindenburg report, so, i though to share next course of action on those, follow the levels for entry, support and target.
Have a look at the yearly chart (weekly candle) to understand the long-term trend of Adani Power. As per the chart, it is completely bearish this year. As analyzed, this may fall into the yellow zone. Here are two colored boxes, all right. * Yellow Box: The price may need support in the zone. * Red Box: A zone for hot sellers Following a sharp decline, the price...
Though three is chaos in ADANIPOWER, it is trading near breakout zone. Most probably this will reverse from here.
This chart analysis explain how adani power reversal has happend. I have explained below mentioned param. Fibo retrachment Weekly old resistance became support How volume dry on selling side and buying seen day by day increased Breakout zone reached so price reaction started.
Disclaimer: View for Educational purpose only, not to be taken as any advice to invest or trade. Stock has corrected more than 60% from its recent highs. Stock available at lower PE in comparison to Industry PE Price-Earning Ratio (PE) 6.26 Industry PE 15.21 Stock price may continue to fall more and see levels from 142 to 125 Still seems very interesting.
Adani Power looks good to be accumulated at each support for the new ATH. #adanipower #investing #trading #stockmarketindia Disclosure: entered with 1/3rd of my position size today
Adani Power Demand and Supply Zones Adani Q3 profit fall 96% Support Zone 1 - 160 -166 Support Zone 2 - 135 - 140 Rsistance Zone 1 - 241 - 257
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
Adani Power After Breakout, now comes near weekly Support Zone. Stock also posted results. Look price action near this zone.
Good 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.