NSE:ADANIGREEN . Adani Green had shown a breakout from the descending triangle pattern above the white line, which was a resistance many times before ( as seen from the graph). Also with high volume for the past two trading days.
The stock had moved more than 10% in the last two days. So if the stock corrects a bit, I will be watching the white line and expect...
My Perception - NSE:ADANIGREEN
Currently Close is above Weekly and Monthly Pivots
Daily RSI > Weekly and MOnthly
Daily RSI is on Raise for the past couple of Days
Price closed above the trendline with a strong Upside candle - with the highest volume in recent times.
The first hurdle will be 2170 and then should touch 2388 before any reversal.
Add to...
It's my personal view.
This is for educational purpose only.
This is not buying or selling recomendations.
I am not sebi registered.
Please consult your financial advisor before taking any trade.
Thankyou
ADANIGREEN looking to green your portfolio.trendline breakout is seen and also a major resistance breakout with volume up . lets ride with sl - 2000 and target -2150/2354/2541
Symmetrical Triangle breakout in a daily timeframe and also RSI indicates trend positive.
DISCLAIMER: The ideas shared are only for educational purposes. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
ADANIGRENN has made a triangle pattern & also at its 61.8% Fibonacci level. a breakout above the trendline with an SL below 2000 can be taken as a swing trade, with a good R: R of 2.75.
Soon Adani tatal gas is going to come out of it's descending traingle pattern , if it gives breakup our 1st target should be 2140 and 2nd target 2230 in long side and stoploss should be 1980::
And if breakdown occures our 1870 in short side, with stoploss at 2010.
A descending triangle appears in Adani Green Energy.
This pattern is seen to start with a market high and then the market makes a new low, then the market makes a higher low and a lower high.
When the market breakouts the channel, bearish power is seen within the market.
The market is likely to make new lows.
T 1= 1939
T 2= 1858
SL =2124
Thank you
@Money_Dictators
Energy sector is full of swing this sector leader stock is Adani green on one day chart pattern it make beautiful cup and handle pattern this pattern is reliable for upward moment study this pattern and enjoy the profit
We know all energy stocks are in moving Trend or upward Trend Adani green one day chart make a pattern Cup with handle this is reliable pattern for upward momentum
