Adanitransmission
ADANITRANS Positional Buy IdeaAs per my analysis, best level to take entry on NSE:ADANITRANS is 2606 with stop loss of 2546 (-60 Points). Can hold till targets of 2674, 2805 & 3050.This could be low risk and high reward trade idea.
Note: This is my personal analysis, only for learning. Thanks.
Adani Transmission BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
ADANI TRANSMISS.INIt is on the verge on breakout. RSI is growing supported by volume. Earning approaching. Targets on the chart
ADANITRANSThis stock is consolidation area.
Very bullish but retracement possibility.
Buy to price range breakout.
Sell to price range breakdown.
Adani TrasnmissionHere is my analysis,
5 Elliott waves completed, on the weekly chart this needs to be retrace because of long-run, after retracing at 0.38 level, Adani transmission will be very bullish.
Adani Transmission Target - Rs. 516++The target for Adani Transmission Rs. 516
Breakout - can take this target even higher
Wave 3 ends at 516 - followed by minor correction then target will be even higher in long term
