ADANIPOWER trade ideas
ADANI POWER : BUY SET UP1. HAS been a long wait now for this set up..
2. many might have entered this trade already on the hourly chart after the divergence .
3. above the black TL this sript is shaping up for a beautiful move on the upside...
4. 2 ways to enter the trade
if the script closes above the black TL one enters for targets to red TL
or
breakout happens n then on retest of the black TL one enters the trade ....
DISCALIMER : no posns as of now
Adani Power - Trending Up It is been observed on the hourly chart that the price action is trending up by forming higher highs and higher lows. Now, it shall further move up from current levels if the trend sustains.
Target 1: 34.50
Target 2: 35.50
Stoploss: 32.50
AccumulationThe news shock has been absorbed and looks like accumulation zone for Adani Power for continuing its earlier rally.
Adani Power Long or Short ??Price action is still in undecided condition , if price drops and rest on 39.05 and rebound it will reach 41.30 if brakes the level of 39 then you can look for 36.10
Monday will be clear deciding day of direction let wait and watch
Cheers
Adani Power long on for day trade This kind of brake down in price is common when the News released , I'm my view I'm stepping in for buy tomorrow and with stop of 36 for Target of 40, it seems risk for everyone , but its not risky trade at all Buy on CMP with stop of 36 is risk ?? for target of 40 ?? I don't think so even if you can make 39.50 its more than sufficient Risk to reward ,
Lets see how many will join the party
Cheers
Adani powerAfter good weekly beak out , stock
heading for 50-56 where it will make
Bearish bat pattern.
adani power short term tradeafter a big candle on 28 th with volumes stock is consolidation another push towards 41.5/42 on the cards
BEARISH BAT SETUP ON ADANI POWERHi,
A good short setup is developing on Adani Ports daily charts.
Watch PRZ (Potential reversal zone) & enter based on the price action- Use shorter time frame candles to analyse the price action while the price hitting the PRZ.
Two Targets : TGT 1 - 36.5 & TGT 2: 30
Stop loss would be above X point ( based on the risk appetite)
** Never ever do long trade on anticipation of CD leg completion. **
I will be updating the trade on shorter time frame - stay tuned for timely entry.
Trade with Care.
Adani Power approaching channel supportAdani Power has been trading in uptred, it closed on weekend forming a shooting star pattern and approaching channel support, we may see the stock to go up to support 37.30 in near term.
Adani Power has been approaching channel supportAdani Power has been trading in uptrend and it closed on weekend forming a bearish shooting star pattern and we may see further down in this stock up to 37.35 in coming days.
Swing Trade Opportunity -Adani Power - Bearish Gartley at MarketHello Traders,
I have spotted Bearish Gartley Pattern on Adani Power. Price is already in PRZ and one can enter into trade at CMP. Here, PRZ is made of 1.27AB, 1.27BC, AB=CD, O.786XA Fibonacci ratio confluence. This trade set-up has a risk/reward ratio of 1:1.5 for Target-1 and 1:2.6 for Target-2.
Happy Trading!!!
Adani Power trading at channel supportAdani Power has been trading in uptrend and trading in a channel, it closed on channel support and may see upside from this level to 36.00 in near term.
Buy Adanipower with first target of 50
One can look to buy Adani Power with SL of 27 and first possible target of around 50. Stock gave breakout from 35 level
ADANI POWER LONG TRADE SETUPdis week all adani group blasted dis is one of them currently price is above 0.382 fibb level and its heading to touch 0.5 fibb level so keep eye on dis for good return. entry stop loss and target given on chart. good luck
Hit like if you agree with the plan and join me here for more updates and trade setup.i really appreciate ur support and suggestion's.
kind regards
king999
AB=CD Pattern on ADANIPOWERHarmonic ABCD pattern is about to complete on Adani Power. An overbought RSI gives us additional confirmation to enter short.
Adani Power Buyers Pull Back It is been observed on the hourly chart that the price action shall pull buy from the strong support levels as the buyers are active at the levels. It shall move further up. We also see the divergence on the hourly chart as well.
Target: 29.50
Target 2: 30.50
Stoploss: 27.50
Adani Power - Channel Breakout It is been observed on a weekly chart that there is a red candlestick breaking out from it. It indicates weakness and a high selling pressure. It shall confirmed a breakout as it closes below 26 price level and now it may further go down to 23.50 levels initially and then 20 levels.
Target 1: 23.40
Target 2: 20.50
Stoploss: 28
ADANI POWER CONSOLIDATION @ CRUCIAL SUPPORTAccording to MACD analysis, a bearish crossover just happened and it's a negative signal. But historically support is found in the range of 23.5 to 25.
Take Long position @ SUPPORT LEVEL 1
TARGET @ 27.5
SL @ 22
ADANIPOWERADANIPOWER POSTED NORMAL RESULT BUT AFTER RESULT STOCK GIVEN BREAKDOWN IN UPTREND CHANNEL NOW STOCK GOING DOWN USE SL AT 28 TARGET 27-26
Adani Power - ConsolidatingThe price action on weekly chart indicates a consolidation between 26-36 price levels (10 points range) where currently the stock is trading at the lower side of range. This week closing shall decide further direction in price movement. Keep it in your watch list to gain best out of it on time.
I would also appreciate any feedback on it to bring clarity to our discussion and further trading decisions.
