RamRaju61968

Adani Green Showing strength

Long
NSE:ADANIGREEN   ADANI GREEN ENERGY
ADANIGREEN . Adani Green had shown a breakout from the descending triangle pattern above the white line, which was a resistance many times before ( as seen from the graph). Also with high volume for the past two trading days.

The stock had moved more than 10% in the last two days. So if the stock corrects a bit, I will be watching the white line and expect it to be a support. Something to be kept in mind is that Adani green is at a higher PE than industry PE and currently looking at it only from the technical perspective.


*This analysis is completely for educational purposes and not any kind of stock recommendation.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.