ADANI POWER - GET READY TO BUYSince the secret news about ADANI GROUP came in media all the Adani stocks fell very strong within span of 2 weeks, we have seen and learnt from the past that whatever may be the news at some point that has to end and thus now ADANI POWER seems to have reached near the previous zone from where it flew that was 142 , so we can now start accumulating this stock in between 163.55 to 132.75 range, we can also see in the weekly timeframe the 200 moving average will provide support to the price which can result the stock price to move up to 237.55 within next few weeks.
Adanipowerlong
ADANIPOWER - ABCD PatternAdani power is sustaining 240-345 levels from the past few trading sessions, stock prices also look good on the daily and weekly timeframe.
Hance sustaining 340 levels, the stock could move towards 355 - 360 levels in the coming trading session.
Type of Trade: Swing Trade
Buy on the dip and build up on the way up.
CMP: 348
Buying zone 345-344
Stop loss below 340
Target : 355- 360