ADANI POWER - POSITIONAL - 2022
Diupdate
ADANI POWER pick as positional due to bullish technical indicators, stock recently get trend line breakout after consolidation around 95 to 100 level and give good upmove ..last 3-4 trading session nifty sharply corrected 700-800 points ..effect of which stock get corrected bit .. now around same level golden crossover as well as trend line breakout seen.
this is fair level of stock to buy where technical indicators are extremely bullish, Risk to reward ration is around 1:2 from current level 10-20 % profit can seen from cmp 109.95 Short term stock can see 125-135 and mid term 140-150 level if quarter result improves .
fundamentally co have to improve profit margin to go for long in this stock ..at present its pure technical call to get 10-20% POSITIONAL trade short term.
Techncial indicators.
1. Trendline breakout
2. Golden cross 20,50,200 sma
3 Double bottom formation at consolidation
4. RSI VALUE 61 ( 60-80) bullish when stoock uptrend
5. Higher top higher bottom formation
6. MACD above center and signal line
** PLEASE DO OWN ANLYSIS THIS IDEA CAN HELP FOR EDUCATION PURPOSE.. take call at own risk .!
HAPPY TRADING. !
this is fair level of stock to buy where technical indicators are extremely bullish, Risk to reward ration is around 1:2 from current level 10-20 % profit can seen from cmp 109.95 Short term stock can see 125-135 and mid term 140-150 level if quarter result improves .
fundamentally co have to improve profit margin to go for long in this stock ..at present its pure technical call to get 10-20% POSITIONAL trade short term.
Techncial indicators.
1. Trendline breakout
2. Golden cross 20,50,200 sma
3 Double bottom formation at consolidation
4. RSI VALUE 61 ( 60-80) bullish when stoock uptrend
5. Higher top higher bottom formation
6. MACD above center and signal line
** PLEASE DO OWN ANLYSIS THIS IDEA CAN HELP FOR EDUCATION PURPOSE.. take call at own risk .!
HAPPY TRADING. !
Catatan
BUY with small qty in SIP method ..aggressive buying should be avoided big events are coming in next 1 month crucial for market fed policy, Election in 5 states, budget anything can be negative out of this 3 event.. aggressive buying should be avoided.Catatan
BUY ADANI POWR at small qty 100 is strong support add if fall at 100-102Catatan
bounce back from 102 level today strong support. !Catatan
accumulate as much as possible between 102-105 if get a chance, !Catatan
ADANI POWER good jump today.. 120 ..HEADING TO 125 soon. ! 10/02/2022Catatan
ADANI POWER 1st target 125 HIT TODAY.. ! 10/02/2022Catatan
HAPPY TRADING. !!Catatan
ADANI POWER TARGET 2 -135 HIT TODAY ..16/02/2022 HAPPY TRADING. !
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