ATGL Very Good setup seen in chart.
Consolidation done .
Good for Short term and Long term.
Target 1500, 2900.
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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.
ADANIGAS
ADANI TOTAL GAS Positional Buy IdeaAs per my analysis NSE:ATGL is now going ready to make some pullback. Best level to take positional buy entry would be 610 with stop loss of 587 (-23 points risk). I am expecting upside targets of 633 (+23), 657(+47), 691(+81). This could be low risk and high reward idea.
Note: This is my personal analysis, only to learn stock market behavior.
Thanks.
Adani Enterprise just pure technical analysisAdani Enterprise just pure technical analysis
broke the 200 day moving average on large volume
lot of news flow with some allegations by Hindenburg short seller with some issues around float/holding structure and pending follow-on-public offer
Most likely previous support will become resistance, and trend broken?
Keeping this to technical analysis for the time being
Shows important questions around corporate governance in emerging markets
Holding structure and what's true float?
ADANI GAS EXPLOSIONPLEASE SEE CHART FOR DETAILS.
BUY
TARGET 1 : 180
TARGET 2 : 200
STOP LOSS : 135
**These are my personal observations. Please trade at your own risk.**