ADANIPOWER trade ideas
Adani Power- Daily Chart - Cup & Handle BreakoutAdani Power- Daily Chart - Cup & Handle Breakout
CMP 100.75 Buy For Target 110-112-118-125+
SL 90
Much volatilityIt 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
ADANI POWERThe way it has reached the levels of June 2011, there seems to be good upmove coming.
From here, with 98-100 stop loss, it can be a good long for a target of 115, 119 and 128 eventually.
Volumes have been good and shows some positive sign.
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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Adani power triangle formation in 1D time frameThere is a triangle formation in adani power chart inn1D time frame. Market could reverse or break from here. After breakout we can go for buying, or else we will wait for correction then buy
Adani PowerAdani Power has formed a good Pennant Pattern on (1D) time frame where it has been respecting the price action and it has retested the trendline We can expect good move. Expecting positional Target 109/ 115 / 125 / 140 Sl 92.
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Adani powerAdani power breaks the short term dynamic support line
Also close below it
Bearish view in coming days
#Adanipower
ADANIPOWER - LONG
1. Stock entered into the Sym. Triangle.
2. Stock breaks the Trend line (seller's line) with high volume.
Recommendation:
BUY above 99.50/- only
Bullish on Adani power ltdAfter a long consolidation broke the support and came out of the rounded bottom pattern
Target @120
Symmetrical TriangleAdani power is in symmetrical triangle breaking above 70 it may reach the target given on the chart.
let's see..
Happy investing.
