ADANIPOWER trade ideas
Adani Power - Investors Be CarefullAs price is touching upper circuit every day but the RSI is decreasing and moving sideways as price increasing. It might be an indication for the big downfall in near future
ADANI POWER: My Past Idea of 54% 💰 + A New breakout on Cards!👀My Past idea on ADANI POWER was given on 2nd March '20 at Rs. 60. It went up to freaking 54% from that. Now, it is trying to knock the doors of next resistance with a very strong weekly closing. Watch carefully and take action as market is very volatile nowadays.
Reaching towards its long term trend line.. It has been getting rejected from this long term trend line. So level of 99-100 would be good to watch. If it crosses , we could see some wild move. Else we could see some retraction. So it could be good to book some profits at those levels and re-enter when it stabilises above 101.
ADANI POWER Morning Star FormationADANI Power closed at an upper circuit way before the market closed at 15th March. Looking at the RSI and Pattern formation, the levels of 85 are not far. SL 78.50
POWER STOCKS seems BullishPositional Trade:
ADANIPOWER:
Buy: 79.30;
SL: 73;
T: 90++145++225++
-Mohit Rajani
Adani Power Gives BO in chartsBreakout in Monthly Weekly And daily chart.... Adani Power #Adanipower
ADANIPOWER go for more ? ADANIPOWER is in multiyear high , safe players can wait for the BO and enter on retest
37-20 support area
ADANIPOWER breaking 8 years RESISTANCE expecting 80% returnsI will look at buying ADANIPOWER because :
It is on verge of breaking the 8 years resistance after 8 years.
It can give up to 80% returns.
Entry : 74
Target : 96/116/136
Stop loss : 55
Inverted head and shoulder developmentThe stock has closed above weekly resistance and looks good above 75 level for a target of 90+
Chart Of the Week !! 07 March 2021 !!* Inverted Head & Shoulder pattern Breakout in Monthly chart with high volume .
Adani power, multiyear breakoutAdani power monthly chart showing breakout after almost 9 yrs. closing above 70 on monthly basis will open gates for 120/140 levels
#ADANIPOWEROn verge of 10 year breakout .... Keep an eye ... It might run like anything
#ADANI
#ADANIPOWER
#POWER
ADANI POWER- STOCK TO WATCH8 years of trendline broken. Still it may retrace back to the resistant zone.
Good buy above candle close of 73 after retracement.
The highlighted zone is very high resistance zone.
ADANI POWER: At Crucial Level 🔍8 Yrs Resistance!Zoom the chart for better clarity. The resistance is so long that its cluttering a bit. In daily TF, it did a symmetric triangle breakout with good volumes.
