ADANI POWER LTDLong
positional idea on Sir Stan weinstein's framework
previous resistance turned support with shakeout.
Stock is in uptrend.
Volume dried during consolidation.
Relative strength increased.
No overhead resistance on left side.
Stock above 30 weekly moving average.
RR more than 1:5
shake out at 30 wema.
only parameter to be checked at weekly closing is Volume. if It will not be very high then all above points may be void
Stock is in uptrend.
Volume dried during consolidation.
Relative strength increased.
No overhead resistance on left side.
Stock above 30 weekly moving average.
RR more than 1:5
shake out at 30 wema.
only parameter to be checked at weekly closing is Volume. if It will not be very high then all above points may be void
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