Can buy@CMP. ADANIPOWER has been hugely underperforming. Hold it with 123 as a target. One can also book at 10% for quick profits. Follow this feed for more ideas. Before taking any positions consult your financial advisor.
Hey all ,
Hope you all doing good in this lock down :P Today I am sharing my another Idea for mid and for Long term swing .
Script Name : ADANI POWER
1st Buy : 21
Second Buy : 18
Third Buy : 15
Average Buy : 18 rupees
Stop Loss : 11
Target : 30/41/58/73
Long and for Mid term Holding
1. HEIKIN ASHI TREND SEQUENCE PERFECTION
Look at the above 2 candles mentioned.
Candle 1 - Doji formation indicating the end of further down trend.
Candle 2 - Green bullish candle with no tail, indicating strength of bulls.
2. Volatility squeeze & Breakout.
The scrip is making descending triangle which is a sell pattern but the trade is given on the buy side as the market is reacting differently to Adani group stocks. The stock has very weak fundamentals which is a huge downside
Hello friends,
Trendline b/o seen today on daily time frame.
One can took long position in it if tomorrow started to go upside again.
Use add on dips theory.
Entry :- 112
SL :- 102
Work in small quantity...like 100 to 300.
Make position as per your risk reward ratio.
This is only for educational purpose, take advice from your financial advisor before taking any...
It would be very interesting to see whether it could sustain at this level or not
Either it can be super bullish like adani enterprise or it can be down tomorrow like mothersumi
