Adani Power: Is it on the verge of big breakout....???

17 thg 11, 2017

Adani Power
CMP 34.25

The story of Adani Power is no different from Rpower... trading near all time lows... all while Nifty index is at all time highs

However, there are some positive signs on the chart that draws attention...

- we observe higher bottom higher tops on daily charts

- meaningful crossover of 20 day EMA above 50 day EMA

- recovery seen from retest of 50 day EMA after crossover

- a close above its final hurdle zone 36.5-37.2 level and the stock could be rushing towards 50 levels

Support at 31.80 / 29 odd levels

Definitely has to be a stock to watch out for in coming days...!!!

Take care & happy trading...!!!

17 thg 11, 2017

Ghi chú

Looking at Adani Power on a longer time horizon on weekly charts

17 thg 11, 2017

Ghi chú

As per Fibonacci Retracement Has the potential for 98 / 116 in 2-3 years



Take care & happy investing...!!!

20 thg 11, 2017

Giao dịch đang hoạt động

Adani Power at support

20 thg 11, 2017

Ghi chú

cmp 33.80

20 thg 11, 2017

Giao dịch đang hoạt động

From 33.80 to 35

That's a nice 3.5 % movement for the day...

22 thg 12, 2017

Giao dịch đang hoạt động

After respecting 36.5- 37.20 zone once, Adani Power has finally Crossed the resistance zone today....

Next target 50 odd levels in 2018...!!!

Going forward, it needs to Sustain above 36.50

Take care & happy investing...!!!