Beautiful Setup. Keep an eye on it.
Flag Pattern visible.
Breakout expected.
Good for Short Term.
Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
Stock pulling up socks for ATH
ADANI POWER CMP 549.7
At the retest level of Bullish Pennant
Respected rising20 EMA
Above 580 will be ready for a new ride
Invalid below 538
💥Adani Power 💥-Nice Breakout
Capital to be deployed- 20k
Investing Price-495-505
Breakout Price-483
Stoploss-361
Targets-1322
RT for max reach
#Adanipower #AdaniGroup #stockstowatch #StocksToBuy #StocksInFocus #stocks #StockMarket
Recently, political change in India supports. direct indirect by the government. And the technical. chart showing. potential relative strength. chart pattern Sowing bullishness. So no doubt this chart will fly, Very clear monthly weekly chart undoubtful bullies. cmo sowing momentum. may be long time momentum will run on this chart.
Stock name = Adani Power Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI...
previous resistance turned support with shakeout.
Stock is in uptrend.
Volume dried during consolidation.
Relative strength increased.
No overhead resistance on left side.
Stock above 30 weekly moving average.
RR more than 1:5
shake out at 30 wema.
only parameter to be checked at weekly closing is Volume. if It will not be very high then all above points may be void
Views are for educational purpose only and for my own learning:
Stock Name: Adani Power
CMP: 397
Pattern or Price action: Ascending Triangle
Looks good above 409
Stock is in good momentum despite of market being negative trend. Stock has formed cup and handle pattern but 400-430 looks to be a strong resistance zone.
Adani Power Ltd
The Chart 📈 of Adani Power looking bullish I think it will start rally for upside.
Right now at Flip Support good to buy from here in your portfolio.
*Adani Power Ltd.*
C&H Formation on Weekly Basis.
Strong Price BreakOut/ Sustained
Resistance @310
Vol. BuiltUp Continued.
Power Sector outlook Positive.
Trail SL with Upside.
Book Profit as per Risk Appetite.
Do Your Own Research as well. This is an opinion.
Happy Investing 😇
bullish tringle pattern
wait for breakout
entry after retest....dont forget it..
otherwise you will be in bull trap
target 362, 432
entry if breakout sustain then 251
i think it will give breakout
after fall entry at 196 {best}
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
