As my analysis NSE:ADANIPOWER is now ready to move for upside. Breakout of 30 mins candle will decide to take decision to take risk for buy side. Note: This is my personal analysis, only to learn stock market behavior. Kindly do your own analysis/research to take any trade. Thanks & Regards
India’s largest private thermal power producer with installed capacity of 13,650 MW. Fundamental Aspects: In 11 years Reserves increased 5 times, Sales increased almost 18 times, Net profit increased 20 times, Huge CAPEX for future expansion & Promoters holding is good 74.97%. The only concerning parameter is the debt to equity ratio, which is staggering 1.87. If...
Adani 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...
NSE:ADANIPOWER gave a triangle breakdown. Let it move further down to short, as a possibility of fake breakdown is there too.