ADANIENSOL trade ideas
Adani TransA good pattern which has made a box and now trying to break out an important resistance.
A good strong closing above 300 should give some wings to the stocks. Stock is consolidating near its highs and important level which makes it more attractive.
Important Levels to watch out for:-
Entry:- Closing Near/Above 300
Sl:- 280
Target1- 318
Target 2-334
Cheers and Happy Trading.
Some links are shared too as i have already posted them but yet to do some noise. So take a look at them also.
Disclaimer:- I am not SEBI registered. All the levels provided are just for educational purpose. Trade with Caution and with your Own risk .
ADANITRANS Stock Chart Daily Two Strong BEARISH Patterns CRAB & Alt BAT Forming Strong POTENTIAL REVERSAL ZONE
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
TRADE ACCORDING TO CONFIRMATION ON CHART Looks week on chart Adani transmission keep it in your chart for your Tuesday trade all the best happy trading.
ADANI Transmission Limited (ADANITRANS) BullishNSE:ADANITRANS
Daily chart is bullish.
280 is one hurdle but it will be taken out soon.
expecting from 340 here within month or two.
ADANITRANS Possible Buy opportunity for long term1. Adani broke out of its 231 days opposed trend line price resistance.
2. Volume confirmation on breakout
3. Steady spike in RSI indicating price pushing up with strength
4. Slope of 50 EMA Turned positive
We will track for possible entry exit and stop loss on 4h time frame and keep trading the heck out of it.
Adani Transmission- Getting ready for the runAdani transmission above 343 seems good. Good volumes since last 3-4 weeks and a healthy breakout
adani transmission ready to be rocket.Adani transmission target from here is rs.250 easy achievable. short loss will be below 200.
Adani Transmission : Hanging man Scrip can see selling pressure after reaching around 52-week highs due to Doji star which depicts uncertainty and then, hanging man coming at the top of uptrend. Can even see formation of evening star pattern!
Enter below 210-212 (Post confirmation)
Can go till TP - 192, 173, 153, 132 if selling pressure persists
Handing man candlestick
The Hanging Man is a bearish reversal pattern that can also mark a top or resistance level. Forming after an advance, a Hanging Man signals that selling pressure is starting to increase. The low of the long lower shadow confirms that sellers pushed prices lower during the session. Even though the bulls regained their footing and drove prices higher by the finish , the appearance of selling pressure raises the yellow flag.
Cons of prime gravity
- Stock is trading at 7.92 times its book value
- Company has low interest coverage ratio.
