ADANIGREEN is forming triangle pattern
Updated
ADANIGREEN large cap adani stock is forming triangle pattern.Cons:
- Very high PE ratio - 600
Very high debt to asset ratio - 0.9
News driven stock
Pros:
*Adani stock
30% below its all time high
Green energy sector
Not recommended for long term as price can crash any time due to high PE ratio. But good pick for swing with very high risk.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management.
Trade active
Triangle's support doing its job.
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