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.
Adanigreenenergy
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.
ADANI GREEN ENERGY!! PATH!!this astock will go down till 2000, and then move up and continue to its trend!!
1. purple line is the trend actually trend, based on stock getting consolidated.
2. blue lines are the major levels.
3. black lines are the trends which define that stock will come down till 2000, and then move upside(since reaching at 2000 level, the stock will be at its bottom).
I HAVE DRAWN THE 4 PHASES GREATLY(REALLY SORRY FOR THAT BAD SCRIBBLE:P), BUT YES I HOPE YOU ARE GETTING MY POINT.
SEE YOU IN MY NEXT ANALYSIS.
ADANIGREEN - Pullback TradeAdani Green looks good on the daily chart, there is a higher high, higher low price structure on the chart.
Currently, prices are taking support at the previous top ( 2294 - 2317 ).
Holding the support zone, the stock can test 2575( swing) and 2700-2800(positional) levels in the coming trading sessions.
Trade with a good risk-reward ratio
Risk 4% , Reward 8 - 20%
Adani GreenSolara Active Pharma Sciences Ltd, Somany Home Innovation Ltd, Ahluwalia Contracts (India) Ltd and Adani Green Energy Ltd are among the other gainers in the BSE's 'A' group today, 17 February 2022.
Solara Active Pharma Sciences Ltd, Somany Home Innovation Ltd, Ahluwalia Contracts (India) Ltd and Adani Green Energy Ltd are among the other gainers in the BSE's 'A' group today, 17 February 2022.
ADANI GREEN PRICE ACTION PATTERNNSE:ADANIGREEN broke out from 1 YEAR OLD ascending triangle pattern and gave excellent momentum in 1 week.
Expecting a profit booking or some sort of small retrace before the next move.
Track this stock in your watchlist and set alerts at fibonacci retracements pivots. (2 of them marked on chart)
Wait for confirmation and enter with stoploss below the trendline.
Let go of trade if no retrace comes.
Targets: 2000/2200+
sl: below trendline (place dynamically)
Position size accordingly. HAPPY TRADING!