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ADANI POWER LTD

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ADANIPOWER trade ideas

ADANI POWER, LONGAbove shown chart is of ADANI POWER, in Daily Time Frame. This script has been found making Ascending Triangular Pattern. Reasons, I love this Pattern : 3 supports on the lower trend line; 3 resistances on the upper trend line; This pattern is made near All Time High zone; Convergence of 21 & 50 Moving Averages; Matches with current popular theme One reason, I want to mention separately is, Volumes. If you look at Volumes closely .. on 28 Nov '23, when the breakout happened, there was a huge spurt of volume. After a little consolidation, another huge green Candle with huge Volume bar. This shows the interest of the Bulls. But what happened next is more interesting, the Price moved in a range for more than 8 weeks, with minimum volumes happening ! So, these are all the reasons why I'm liking this pattern. Now, coming to Planning to our Trade. Entry : a good entry point will be the Monday's candle. If it forms within, 570 - 580 price range. Stop Loss : There are two lines, one green and one red. The green one I made, so that, if price goes below this .. we should be cautious now, for that you can set Trading view's alert feature. The red one is for, completely exiting the position, if price goes below that. Exit : As usual, I'll leave this to individual's risk appetite and their comfort zones. I recommend you all, reading this, to take PAPER TRADE in this script. You should trade by making your own setups .. take, what I shared with you, as an IDEA. Let's see, how it goes. Thank you .
NSE:ADANIPOWERLong
by Abhinav_J5
'ANIMAL' ADANI POWER is coming Back'ANIMAL' ADANI POWER is coming Back Swing Trade In Adani Power NSE in 1Day TF. Technical Analysis The stock has reached an all-time high, surpassing its recent resistance level. Additionally, there are three levels of contraction observed in its performance. 1st Contraction is around 17.47% 2nd Contraction is around 07.71% 3rd Contraction is around 06.00% Target 09% SL 5% Fundamental Analysis ----------------------------------------------------------------------- Fundamentals Date(Transcript ) EPS %Chg Sales(Cr) %Chg Dec-23 5.11 +2739% 10,216.6 +34% Sep-23 16.56 +942% 10,337.0 +49% Jun-23 20.28 +100% 8,510.9 -33% ------------------------------------------------------------------------- EPS Growth Rate -----------> N/A Earnings Stability ----------> N/A P/E Ratio --------------------> 10 5-Year P/E Range ---------> 8 - 20 Return on Equity ----------> 69% Cash Flow (INR) ----------> 20.57 -------------------------------------------------------------------------- Major Shareholders Investor Name Dec-23 Gautambhai Shantilal Adani & Rajeshbhai Sha 36.86% Flourishing Trade And Investment Ltd 11.46% Adani Tradeline Private Limited 09.78% Emerging Market Investment Dmcc 05.61% Opal Investment Pvt Ltd 04.69% Worldwide Emerging Market Holding Limited 03.79% ------------------------------------------------------------------------- BIG PLAYERS HOLDING Owner Name Dec-23 Sep-23 Jun-23 Promoters 71.75% 70.02% 74.97% Mutual Funds 1.17% 0.74% 0.04% Insurance Companies 0.01% 0.01% 0% Foreign Investors 15.86% 17.51% 11.95% Individual Investors 5.73% 5.99% 7.52% -------------------------------------------------------------------------
NSE:ADANIPOWERLong
by sandeepdeb28