Trade ideas
Adani Wilmar Ltd share ready for move?It was crucial to break 720 and give closing above it to maintain a bully rally. Closing above 720 for next Few trading sessions and it may show a big game. May experience some resistance or may consolidate at around 750. Once come out of ASM list, one can expect a sudden big move. This stock can be considered for 3m,6m to 1year holding. Short term SL 650 Target 750+
Disclaimer:
Educational Purpose only.
ADANI WILMAR is again , ready to give high returns hey guys ,
from a long time , we are seeing that ADANI COMPANIES ARE GIVING GREAT RETURNS,
in this group of companies , there is a stock called ADANI WILMAR ,
this stock was giving a great returns , JUST AFTER LISTING
this stock has gave a return of APPROX 250% RETURN in just 73 DAYS ,
but after a short period of time ,
this stock has started to follow a pattern called , DESCENDING TRIANGLE .
and now the time has come to BREAK THIS PATTERN ,
and now you can see that , THIS STOCK HAS CROSSED ITS RESISTANCE
and has made GREAT BIG GREEN CANDLE ,
you can see that , stock has taken support on its resistance and now gave a great green candle ,
therefore , I SUGGEST YOU THAT YOU CAN BET ON THIS STOCK AND TRY TO EARN GREAT RETURNS ,
I have marked the STOP LOSS AND TARGET ,
STOP LOSS - 567.60
TARGET - 768.70
BUT PLS CONSIDER THE GLOBAL MARKET SITUATIONS
1. INFLATION
2. WAR
3. RISING BANK RATES
4. INCREASING CRUDE OIL PRICES
AFTER CONSIDERING THESE SITUATIONS
YOU CAN BUY THIS STOCK
ADANI WILMAR - AWL
FUNDAMENTALLY ALSO , THIS COMPANY IS WELL ESTABLISHED .
THEREFORE , YOU CAN BET ON THIS STOCK
AWL BUY @602entry 602
Sl 579
Qty 15
Risk 350rs
Price was resting on a daily time frame support level.
Made very tight consolidation on weekly and daily time frame and now it is coming out of it.
Whole idea for this trade is very tight consolidation at important support level and then price breaking out of consolidation.
NEW HIGH IS WAITING FOR ADANI WILMARNSE:AWL
The stock is forming descending triangle i n a daily time frame
Also a trendline can be seen from lifetime high till now from 28 April till now .
Once it breaks till can go to or make new lifetime high .
Also support zone is also forming in this stock
For short term a target of 620 can be seen in coming days .
This is educational purpose.