ADANIPOWER trade ideas
rounding bottomstock is making rounding bottom, volume rising , may break the rounding bottom's neckline .
and stock is near resistance also. it may break the resistance and can move in both intraday and positional long.
buy above 41.92( closing basis) should close strong above the lvl for positional. for intraday - one can look for volumes also in short time frame.
Adani Power Ready to FlyAdani power is showing good strength on charts and ready to break the long time resistance of 41 Rs. If crossed then we can see huge upside from here.
Long term chart also looking bullish.
Adanipower { 15 M } shortIt's gapped up and formed a shooting star in 15m tf . But, we can short at break of that candle as it will fill gap by falling .
Adani Power Looks Interesting.NSE:ADANIPOWER
Adani power near its major resistance level spending too much time on lucratively lower volume compare to its past up move.
I will get interested only if stock manage to give any closing above 41.6 on daily chart.
Adani PowerAdani Power has given break out of Upper Bollinger Band on Friday-07/08/2020 and today confirmed also with increase in volumes and Interestingly the breakout happened after squeeze. This may well be a new trend direction indicator Prior Squeeze period was for last 17 Days, so we expect a target of 39-41.9-43.5 in next 7-15 days.
Breakout The stock has been trading in a narrow range since a long time now and in the last trading session we witnessed bulls taking over and a strong closing. A quick upside of atleast 10% can been seen in this counter....
Lets look dayily chart in Adani power NSE This is my first drawing i have seen in adani power daily chart it is forming triangle pattern
ADANI POWER - Triangle BreakdownNSE:ADANIPOWER gave a triangle breakdown.
Let it move further down to short, as a possibility of fake breakdown is there too.
Adani Power - Range Trading Strategy Adani power is trading on Uptrend now and in the chart i have shown that the Price is very near to support level. The line is Trend line near the end point, Wait for the Price to cut across Trend line and Breach support line. Trade only after Trend line is breached and support resistance is crossed. It could give 10-12 % Up-move from the Level
