Stock Has Classic Wedge Unfolding. Buying Trigger Only Above 411. Once stock crosses upside above 411, It can zoom upside towards 510 & Above 510 for 840 in next few months or year ahead.
From
WaveTalks
Abhishek
Buy this fundamentally strong stock on dips. Purchase 50% at the current price and add more if it reaches 321.
Stop loss: if two consecutive daily candle closes below the support trendline.
➡️adani group
➡️148% upmove possible
➡️market leader in some segments with continuous Capex
Cons:
Margins are weak (safe traders to wait for improvement in op. margin)
Date : 27-Feb-2024
Rating : Buy
LTP : Rs. 387.85
Targets: (1) Rs. 419 --> (2) Rs. 492 --> (3) Rs. 532 --> (4) Rs. 639
SL : Rs. 350
Technical View:
Since SEP 2022 NSE:AWL has been in primary down trend. On 19-Feb-2024, NSE:AWL has given break out from its primary down trend with higher than average volume. RSI is above 50 and MACD is above 0. Indicating...
Why Adani Wilmar will run ?
1. Harmonic M pattern completed
2. Elliot wave 2 completed and start of wave 3
3. Stock took support around 0.236 ratio of fib
Target: 520, 640, 890, 1000, 1200, 1500
It is on the verge of breakout, SL is the BO Candle Rs348. Long overdue run up pending alongside other Adani group companies.
Q3 results are descent.
May move quickly towards Rs411, Rs510 and upon sustaining then upto Fib ext 1.618 levels.
Rsi above falling trendline, soon cmp will catch up with the move.
Adx showing strength.
Price at 200sma.
Disclaimer : Above...
-ready to break symmetrical triangle pattern with strong candles
-volume & rsi rising shows strength in stock momentum
-strong support from ema and sma keep in radar
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...
AWL Breaking out its Majar Trendline Resistance on Perfect or Major Support. we can see such a good upmove possible as there is so much potential in stock
Keep On Radar
🎯Swing trade
📢Become Strong in technical as well as Fundamental
🕙Broke one year strong trend line with high volume
✅Expect Huge upside with short time span
💥Expect 40-50% profit. Manage your risk during your trade
It deals in edible oil and food and other FMCG products.
Debt is less than reserves.
Promoters holding is good & No promoters pledged.
Resistances are marked as red horizontal lines.
Stoploss is marked as orange horizontal line.
Supports are marked as green horizontal lines.
Price Breakout from Resistance trendline on weekly chart with good volume.
Breakout is...
Trade Type.
Trendline breakout
With all due stoploss and Target
Target and Profit Loss mentioned in bottom @left
Qty mentioned in Lowline last(Value approx 3 lakh)
Stoploss % mentioned above the High and Low
Which potision is active mentioned on Top
Do you one analysis but If you do this trade it is adviceable to hold up to stoploss and target
most of adani stocks gave a run up
personally entered today @375
sl 20-25% depending on market condition
if this is a proper breakout, can touch 800+ soon
