ADANI POWER Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
ADANIPOWER trade ideas
ADANI POWER Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Adani Power - Breakdown - Descending TriangleAdani Power has broken below from a descending triangle pattern.
Initiate sell.
Target 1: 34
Target 2: 33
Stop Loss : 37.65
Rejection inside cloud. Indicators imply bearish move expected.RSI, MACD say its at high point. Expect stock to fall from here. 1st Target 35.
Go short below today's lowlevels are on the chart, expecting the stock to correct further. Maintain strict SL.
Investment Trade set up This one is about to complete its Corrective wave 2 ( Still developing ) and I am looking for termination on Higher low to start of the New impulse
Previous Lowest Low is completely validate termination of bear trend on all time frame based on wave theory
One can look for investing 5000 INR for small investors , Which i am looking 5 fold increase by value wise ,
Time factor might be around 2 Years ,
Investors with higher capacity can look for accumulation process once it nears the forecast of 19 , You can look for SIP based buying Opportunity
This trade also can be traded in Futures with 3 Months contracts rollover basis , but need patience during small corrective moves ,
Good luck people
ADANIPOWER Long Take LONG position if it breaks out the channel and daily supply zone
Target - Monthly Supply (Around 60)
Take SHORT position if it breaks out of the channel downwards , On reaching Weekly demand - Take Long position
Another Adani in an Ascending Channel Breakout in any direction will active our trade.
We have a rejection zone around the 36-37 level where stock is facing resistance.
We can play the channel by buying near the lower trend line & selling around the upper trendline.
or We can wait for a breakout in any of the directions & trade that.
I will update the levels once the trend line is breached.
01- Adanipower#StockToWatch- #01 #AdaniPower-
The stock formed #AscendingTriangle Pattern now stock can move towards 40.00/44.00/48.00 levels soon with the help of 31.00/32.35 support level.
#TA
Adani Power Result Preview>>>#ResultPreview
>>>#Adanipower may post the inline result or bad result post result stock may touch 30.00 level and this level will decide future movement. If stock break 30 we can see the major downside and if stock break 33 level we can see upside post result.
#TA
My Analysis For StockIf There Is No Further Bad News About Corona Or in the stock .
The Targets of 40 Can Be Achieved In Mid Of May.
Partial Booking Will Come About 38-39 than after 43-45.
Simple Range breakoutBuy if the price sustain above 31.15, sell if the price turn back to the range.
