ADANIPOWER trade ideas
ADANI POWER - GET READY TO BUYSince the secret news about ADANI GROUP came in media all the Adani stocks fell very strong within span of 2 weeks, we have seen and learnt from the past that whatever may be the news at some point that has to end and thus now ADANI POWER seems to have reached near the previous zone from where it flew that was 142 , so we can now start accumulating this stock in between 163.55 to 132.75 range, we can also see in the weekly timeframe the 200 moving average will provide support to the price which can result the stock price to move up to 237.55 within next few weeks.
Adani Power Trend AnalysisIndia’s largest private thermal power producer with installed capacity of 13,650 MW.
Fundamental Aspects:
In 11 years
Reserves increased 5 times,
Sales increased almost 18 times,
Net profit increased 20 times,
Huge CAPEX for future expansion &
Promoters holding is good 74.97%.
The only concerning parameter is the debt to equity ratio, which is staggering 1.87.
If you compare it with its peers then it is still below average.
This power sector is capital intensive due to their infrastructure requirements.
Technical Aspects:
Price fell down from the head & shoulder pattern and its technical target is somewhere around 120 level.
RSI & MACD are confirming more bearishness on multiple timeframes.
Alternatively the price is in 4th cyclical wave (white markers).
Expecting initiation of 5th cyclical wave from green zone highlighted.
Good to accumulate around 100 - 125 levels for the following targets:
Short term swing target @ 250 (120% ROI)
Medium term swing target @ 390 (240% ROI)
Long term positional target @ 800 (600% ROI)
Seems unbelievable!!
1st cyclical wave gave 387% returns in 1 year 4 months &
3rd cyclical wave had given 1780% returns in less than 3 years.
Will update exact targets in future as chart unfolds.
Do your own due diligence before taking any action.
Peace!!
adhani powerPROS
Company is expected to give good quarter
Company has delivered good profit growth of 34.3% CAGR over last 5 years
CONS
Stock is trading at 4.38 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor sales growth of 4.15% over past five years.
Promoters have pledged 25.0% of their holding.
Earnings include an other income of Rs.6,131 Cr.
ADANIPOWER - ABCD PatternAdani power is sustaining 240-345 levels from the past few trading sessions, stock prices also look good on the daily and weekly timeframe.
Hance sustaining 340 levels, the stock could move towards 355 - 360 levels in the coming trading session.
Type of Trade: Swing Trade
Buy on the dip and build up on the way up.
CMP: 348
Buying zone 345-344
Stop loss below 340
Target : 355- 360
Can give 20% return in 30 daysPlease refer chart for detailed explanation on technical analysis .
Find buying opportunity at/near support zone.
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P.S: This is not an investment advice. This chart is meant for learning purposes only. This is my personal viewpoint so please Invest your capital at your own risk
Adanipower price action always works great and gives better reslut.
i was enter at 150 and my first target was 220 and my second target 380, these target i was choose on the basis of pivot points coz its break all time and in this situation pivot helps to select a target.
i achieved almost 230 points in 1 month & you want to get a swing trades like this please follow us.
Thank you
Adani Power - Swing Trading Scope 2.0Lately, the stock has been trying to break the previous swing high of 135.50 on the back of high volumes but has been unsuccessful on at least four occasions in the previous attempts. The direction of movement for the stock will depend on whether the stock gives a breakout or a breakdown from a range of consolidation from 108-135.50. Below are the possible scenarios as per my analysis
CMP - 119.75
Breakout above the level of 135.50
T1 - 167.00
T2 - 180.00
SL - 108.00
Breakdown below a level of 108.00
T1 - 95.50
T2 - 85.00
SL - 108.00
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