Adani Green Energy What's Next....?Adani Green Energy has reached a significant support level of around 1180, coinciding with the 0.5 Fibonacci retracement level. This indicates a strong potential for a rebound at this price point. Given these technical indicators, considering entering a long position could be an opportune moment. The projected target range for this trade would be between 1450 and 1500, allowing for a potentially lucrative upside as the stock moves towards these levels. Monitoring market conditions and additional technical signals is advisable to ensure a well-informed decision.
Adanigreenanalysis
ADANI GREEN, 45% SHORT TRADE CAUGHTADANI GREEN Trade Overview:
Adani Green saw a sharp 45% drop on the 4-hour timeframe, perfectly captured by the Risological Swing Trading System . This short trade setup successfully achieved all profit targets, providing traders with a significant opportunity to capitalize on the bearish momentum.
ADANI GREEN Key Levels:
TP1: 1789.10 ✅
TP2: 1602.55 ✅
TP3: 1415.95 ✅
TP4: 1300.65 ✅
ADANI GREEN Technical Analysis:
The entry was confirmed at 1904.45 as the Risological Red Lines indicated strong downward pressure. Adani Green continued to follow this bearish trend with no signs of reversal, allowing for precise execution of all targets. Traders who maintained their positions benefited immensely from this clear and systematic setup.
The final breakdown past TP4 marked the culmination of the trade, further affirming the system's accuracy in identifying reliable entry and exit levels.
The strategic placement of the stop-loss at 1997.70 ensured risk management was intact throughout the move.