ADANIPOWER trade ideas
Adanipower bull run finally ends?AdaniPower has been on a bull run from a long time, but it looks like it wants to take a break. The volume is decreasing and it is also forming a head and shoulder (Trend reversal). Wait for it to break the trend and retest to play it safe. Because it might end up playing the triangle and pump (the possibility is low for now, but to be on safer side, wait for it to break either side.
adanipower 1) RSI divergence
2) Volatility divergence
3) at resistance
4) politically pumped stock
5) double top
Adani Power Positional Buy" Margin trading is NOT recommended. Do your own analysis before initiate trade."
Buy Below 52.50
Target 68
Stop Loss 23
Duration 3 Months
Adani power | goShort | Dayit's looking like a trendy stock.
overbought + levels -->can reverse ----go short if goes below 45
Consolidating with upward biasSupport 51.35, resistance 62.90, if it is crossed, target 86.65 intermediate term
Flag Breakout Good Risk/Reward I've observed a good Flag pattern trade, which could reward well in short term. One can buy the stock with the following details
Entry 49.50
SL 46
Target 59.80
Risk/Reward Ratio 3
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Adani power made sell candle exactly at IMP level. Stay Alert!Adani power made sell candle exactly at IMP level. Stay Alert!
Adani PowerBreakout on good news of an imminent resolution of the loss making mega power plant in Mundra. Should add significantly to the Bottomline of the company...Any small price correction can be got into with a medium term horizon
adanipowerAdanipower has formed Poll and Flag Pattern in daily chart and now stock looking for 42 level in stock as there strong support in the chart at level 32.10 level. we can see 42 level as per chart in next 15-20 days.
Adanipower Weekly chart has formed Cup and Handle pattern and now stock looking for 42-48 levels as per chart pattern. stock have strong support on level 28-24 as per weekly chart.
Cosolidating after a short and brisk up move8/1 final support Support is at 28, resistance at 40.40. If the resistance at 40.40 is crossed on closing basis, expect an intermediate target of 49.
BREASH DIVERSION ON RESISTANCE ZONEBREASH DIVERSION ON RESISTANCE ZONE. ONE CAN LOOK FOR SHORT OPPORTUNITIES.
