Here is my analysis, 5 Elliott waves completed, on the weekly chart this needs to be retrace because of long-run, after retracing at 0.38 level, Adani transmission will be very bullish.
This chart clearly shows the breakout in adani transmission. We will wait to wait for the next couple of days before taking a fresh trade.
The target for Adani Transmission Rs. 516 Breakout - can take this target even higher Wave 3 ends at 516 - followed by minor correction then target will be even higher in long term
Resistance Zone 441 and below 20 EMA on lower TF
ADANITRANS - Volume breakout. Entry, SL, Target updated on chart. These idea's are not my recommendation. Do your own analysis before making any trade based on this idea.
Breakout Above 300 Target - 345 Support - 265 CMP - 291
A good pattern which has made a box and now trying to break out an important resistance. A good strong closing above 300 should give some wings to the stocks. Stock is consolidating near its highs and important level which makes it more attractive. Important Levels to watch out for:- Entry:- Closing Near/Above 300 Sl:- 280 Target1- 318 Target 2-334 Cheers and...
Two Strong BEARISH Patterns CRAB & Alt BAT Forming Strong POTENTIAL REVERSAL ZONE price need to follow Green Trend line & hit target If price Breaks Red Trend line is where EXIT before SL hits POTENTIAL SELL
Looks week on chart Adani transmission keep it in your chart for your Tuesday trade all the best happy trading.
NSE:ADANITRANS Daily chart is bullish. 280 is one hurdle but it will be taken out soon. expecting from 340 here within month or two.
1. Adani broke out of its 231 days opposed trend line price resistance. 2. Volume confirmation on breakout 3. Steady spike in RSI indicating price pushing up with strength 4. Slope of 50 EMA Turned positive We will track for possible entry exit and stop loss on 4h time frame and keep trading the heck out of it.
Buy above 202.50 for a target of 206 and 208.50
Can be played for a target of 193, 196 & 207 with a sl of 185
Adani transmission above 343 seems good. Good volumes since last 3-4 weeks and a healthy breakout
Adani transmission target from here is rs.250 easy achievable. short loss will be below 200.
Scrip can see selling pressure after reaching around 52-week highs due to Doji star which depicts uncertainty and then, hanging man coming at the top of uptrend. Can even see formation of evening star pattern! Enter below 210-212 (Post confirmation) Can go till TP - 192, 173, 153, 132 if selling pressure persists Handing man candlestick The Hanging Man is a...