ADANIENSOL trade ideas
Long trade - Trending stockLooks like Adani Transmission has completed its pull back and ready to carry on its upward journey.
ADANI TRANS TYPE 3 LONGRALLY BASE RALLY SETUP WITH SLIGHTLY WITH THE STRUCTURE WHICH IS NOT OF GOOD QUALITY. HENCE, TYPE 3 LONG. FOR EDU PURPOSE ONLY
close above 200dma will be constructivewent up 58% in a short time and now its correcting on very low volume. its a good sign, want to see it above 200dma and by that time the 50dma will also catchup.
ADANITRANSShort @ current price, Expecting a big down move...
I'm a new one, If anything wrong please correct me.
Adani Transmision (Correction Likely)CMP = 276.85
In 5 sessions from 222.20 to 276.85 (24.5%)
Hammer candle formed on top with huge volume.
Most likely will correct
upto 261 (5.7%)
upto 250 (9.5%)
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Treat StopLoss as your best friend to get you out of troubles.
AdaniTransThere is a 6 points gap abv 225.., once the stock crossed 225 there is a huge possibility to cover the gap. Also once the candle closes abv 225 it will be a good pick for positional too since there is a another gap: Positional target 247
BUY ADANITRANSMISSION For 192 195 201 209 213 220 231 235 238 24BUY ADANITRANSMISSION
For 192 195 201 209 213
220 231 235 238 246 254 277
SL 161
Adani Transmission - Short term trade50% position now and balance 50% aboce 213.
SL 5% below first purchase price.
Once it crosses 213 SL at cost.
Sell Limit 203.80 AdanitransNSE:ADANITRANS Currently its within this triangle , not expecting a breakout Sell Limit 203.80
continuation of upward movementthe stock has made a double bottom at the marked area and is reversing from there
a trade could be initiated if it breaks 188.6 range and could expect to touch 192 range there is a minor resistance if broken could expect to see 297 range
SL could be at 184.25
trade safe
cheers
testing on Adani TransThis situation is a potential low testing point for the stock if it test and reverses on the upside from here we can buy it after clear signal
Adani Transmission bearish 136.05Adani Transmission is moving towards 136.05. Holding support there maybe difficult in the long run.
