Adani Power broke MAJOR CHANNEL and now moving continuously in MINOR CHANNEL , even breaking RESISTANCE and retracing it too. If the downtrend continues and MINOR CHANNEL breaks it may lead to further fall of the stock as analyzed on a Long Term Trend.
A Reverse Head And Shoulder W Pattern Support on 50 Moving Average Making chart look Bullish For upcoming trend.
A Cup and Handle Pattern Previous Ssuport On MA(50)
A Reverse Head And Shoulder Along with W Pattern and Support on 50 Moving Average making chart look Bullish For upcoming trend.