ADANI POWERHello friends,
Trendline b/o seen today on daily time frame.
One can took long position in it if tomorrow started to go upside again.
Use add on dips theory.
Entry :- 112
SL :- 102
Work in small quantity...like 100 to 300.
Make position as per your risk reward ratio.
This is only for educational purpose, take advice from your financial advisor before taking any position.
Thank you.
ADANIPOWER trade ideas
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 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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