Hi,
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...
Adani 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 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.
Hello 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 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.
dis 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...
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
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
According 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
The 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...
