ADANI POWERVOLATILITY CONTRACTION PATTERN (VCP) from book ( TRADE LIKE A STOCK MARKET WIZARD Chapter 10 ( A Picture worth million dollor )
ADANIPOWER trade ideas
ADANIPOWER swing tradeExcellent trending charts on all Adani stocks.
We can see a bounce on 200 DMA, and then making a high on Dec 5th.
Its been consolidating since 2 months and its time to breakout or hit SL.
Only enter after Day closing above 580 (FLAG pattern or GUN Pattern).
Target 700++ and hold for more if Bullishness in Power sector continues.
Not a recommendation.
All Adani Stocks are High Risk High Return.
ADANIPOWER BREAKOUT | SWING TRADEBreakout in Adani Power
Target - 680
Note - only for education purpose
ADANIPOWER bullish; above 575 ? -Thursday 8th Feb.The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buy in hope of another 2% upmove intraday.
"High Risk Traders" patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
Adani PowerRules Of Elliott Wave Theory:
#1.Wave 2 never retraces more than 100% of wave 1.
#2.Wave 3 cannot be the shortest of the three impulse waves, namely waves 1, 3 and 5.
#3.Wave 4 never enters the price territory of wave 1.
ADANIPOWER-Bullish Momentum Continues with Strong Support.1. Trend Analysis:
Adani Power has been in a continuous uptrend since April 2023, forming higher highs and lower lows. This is indicative of a bullish trend, suggesting that buyers have been in control.
2. Moving Averages:
The 30-day Simple Moving Average (SMA) and 50-day SMA are acting as significant supports, confirming the bullish sentiment. These moving averages are often used to identify the trend direction, and the fact that the stock is consistently above them is a positive sign.
3. Significant Development on 24 November:
On 24 November, a noteworthy event occurred, leading to a substantial 42% price movement within just 12 days. Such rapid movements can indicate strong momentum and interest from market participants.
4. Consolidation Phase:
After the rapid move, the stock underwent a consolidation phase for nearly 1.5 months. During this period, volumes remained low, suggesting a decrease in trading activity and potential accumulation by institutional investors.
5. Volume Analysis:
On 24 January, there was a significant increase in volumes. This could indicate renewed interest in the stock and potential for a breakout. The combination of low volumes during consolidation and increased volumes during the breakout suggests a potential strong move.
6. Candlestick Patterns:
Candlestick analysis shows that on 24 January, there is a contraction in candle size, indicating a period of indecision or consolidation. This often precedes a significant price move. A breakout above the resistance level of 554 could signal a bullish continuation.
7. Resistance and Support Levels:
The resistance level at 554 is crucial. A successful break above this level may trigger a strong upside move. On the downside, the support at 511 is deemed strong. If the price closes below this level, it could lead to further consolidation or a potential downtrend.
8. Current Outlook:
As of now, the technical analysis suggests a bullish outlook for Adani Power. The stock has shown strength during the uptrend, and recent developments, including increased volumes and a potential breakout, support the bullish case.
Conclusion:
Traders and investors should monitor the key levels of 554 (resistance) and 511 (support) closely. A breakout above 554 could provide a bullish trading opportunity, while a breakdown below 511 might indicate a shift in sentiment.
Disclaimer:
The information provided herein is for educational purposes only and is not intended as financial advice. Any trading or investment decisions made based on the content provided are at your own risk. It is essential to conduct your own research and due diligence before making any financial decisions.
ADANI POWER CURRENTLY IN STRONG ZONE BUT CAN MOVE BOTH SIDE-adani power currently in strong zone but can move both side
-near trend support if breaks 512 level then it will fall further 3-4%
-below there is 50 ema which will support
-volume is just decent so chances of recovery is very high
-keep in radar it can give decent return both side with good rr
A Strategic Pause Precedes Another Potential SurgeA Comprehensive Analysis Following a Remarkable 25% Gain. All Indicators and Volume Metrics Align, Backed by Significant Institutional Interest. An In-Depth Examination Reveals a Cohesive Picture, Indicating Readiness for Another Substantial Move. Positioned for Success as Big Players Enter the Arena, Adani Power Appears Poised for a Strategic Ascent, Setting the Stage for Further Value Appreciation. Investors are Encouraged to Delve into the Comprehensive Landscape and Assess the Favorable Conditions That May Drive the Next Phase of Growth in Adani Power."
Long Setup in Adani PowerAn On Neck Chart Pattern Breakout happened on the weekly Time frame of NSE:ADANIPOWER
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Risk to Reward ratio will be 1:2
Stop loss will be on weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- On-Neck Chart Pattern
Technical Indicator :- Positive MACD Crossover
ADANIPOWER - AnalysisAdani Power Limited is a holding company engaged in providing electric power generation by coal-based thermal power plants and coal trading.
Financials:
TTM EPS: 27.81
TTM PE: 10.01
P/B: 5.74
Face Value: 10
Mkt Cap (Rs. Cr.): 107,415
Sector PE: 14.22
Book Value Per Share: 48.49
News: Adani Power, the Adani group company, on Thursday(03/08/2023), had posted a net profit of ₹8,759 crore for the first quarter of FY24, registering a robust growth of 83% from ₹4,780 crore in the same quarter last year.
Positives:
Strong Momentum: Price above short, medium and long term moving averages
Company with high TTM EPS Growth
Strong Annual EPS Growth
Efficient in managing Assets to generate Profits - ROA improving since last 2 year
Growth in Net Profit with increasing Profit Margin (QoQ)
Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
Increasing Revenue every quarter for the past 3 quarters
Increasing profits every quarter for the past 2 quarters
Annual Net Profits improving for last 2 years
Book Value per share Improving for last 2 years
FII / FPI or Institutions increasing their shareholding
Negatives:
Companies with High Debt
Inefficient use of shareholder funds - ROE declining in the last 2 years
Rising other income, and low operating income
Declining Net Cash Flow : Companies not able to generate net cash
NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
Adani Power: Powering up...After a 69% correction, the stock price has recovered to form a cup and handle pattern.
Ideal buy zone between 410-425.
Initial targets of 500 and 570. Revision, once these levels are achieved.
On the downside, 345-300 can act as important levels. Caution below 288.
Always keep a strict stop loss of 5-8% and follow proper risk management.
Note: Not a buy/sell recommendation.
ADANIPOWER BO [Weekly]ADANIPOWER broke out of a daily base and a long weekly base with some volume catching on.
Power sector is heating up since past couple of weeks, keep an eye out on this to see how the week ends in terms of volume and price appreciation.
Amazing breakout on Weekly / Daily Timeframe - ADANIPOWERCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN 1HR TIMEFRAME.
Adani PowerAdani power - Great set up at ATH. Could be a good candidate and give potential move.
Trade with proper Risk Management and with Proper Position sizing.
ADANIPOWER | Mini Swing Trade📊 DETAILS
Sector: Power Generation/Distribution
Mkt Cap: 130,345 cr
Adani Power (APL), a part of the diversified Adani Group, is the largest private thermal power producer in India. The co along with its subsidiaries sell power generated from these projects under a combination of long term Power Purchase Agreements, Short term PPA and on merchant basis.
TTM PE : 8.86 (Average PE)
Sector PE : 16.42
Beta : 1.45
📚 INSIGHTS
Strong Performer
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators
17.55% away from 52 week high
Underperformer - Adani Power down by -11.07% v/s NIFTY 50 down by -1.79% in last 1 month
📈 FINANCIALS
Piotroski Score of 7/9 indicates Strong Financials
Disclaimer: This analysis Is For educational purposes only, And I'm not a SEBI registered analyst.
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Adani Power - Crucial Support
Adani Power has a major support at the white horizontal line, if this is also broken, downfall of another 100 points may be on cards. Retailers please keep distance from this stock. Please refer to my previous idea on this stock. Link provided.
Adani Power- Make or Brake
Stuck up between two horizontal red lines; with white line as the support. Stay away till 9th of October 2023. On 9th mark high and low of 2:01 p.m. candle and trade accordingly.
Trade only after 12th October. Retailers are advised to stay away from the news based stock.
I am not a SEBI Registered Analyst, please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses. This is only for educational purpose.
