Adani Green or Adani Red ??
The chart is pretty self-explanatory as always.
Here are some pointer's for those who love to read:
1. Consolidation Breakdown:
The stock was trading in a long consolidation range (highlighted by the blue and green boxes) for months.
The breakdown from this range has triggered a sharp bearish move.
2. Support Zone:
The previous demand zone near ₹800-₹850 could act as support if this selling continues.
₹750 is also a psychological level and an important short-term support.
3. Volume Analysis:
The recent breakdown is accompanied by high volume, confirming the strength of the bearish trend. Sellers dominate, with no visible sign of recovery yet.
The recent fiasco in the U.S. has seriously hurt Adani Green. Watch this video to understand why Adani stocks are in trouble:
https://www.instagram.com/reel/DCohpIsyEj0/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA==
What do you think will happen here?
Disclaimer:
This analysis is for educational purposes only and should not be considered as financial advice or a recommendation to buy, sell, or hold any securities. Trading and investing involve risks, and you should consult a qualified financial advisor before making decisions.
The author is not registered with SEBI and is not responsible for any losses based on this analysis. Use this information at your own discretion.
Here are some pointer's for those who love to read:
1. Consolidation Breakdown:
The stock was trading in a long consolidation range (highlighted by the blue and green boxes) for months.
The breakdown from this range has triggered a sharp bearish move.
2. Support Zone:
The previous demand zone near ₹800-₹850 could act as support if this selling continues.
₹750 is also a psychological level and an important short-term support.
3. Volume Analysis:
The recent breakdown is accompanied by high volume, confirming the strength of the bearish trend. Sellers dominate, with no visible sign of recovery yet.
The recent fiasco in the U.S. has seriously hurt Adani Green. Watch this video to understand why Adani stocks are in trouble:
https://www.instagram.com/reel/DCohpIsyEj0/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA==
What do you think will happen here?
Disclaimer:
This analysis is for educational purposes only and should not be considered as financial advice or a recommendation to buy, sell, or hold any securities. Trading and investing involve risks, and you should consult a qualified financial advisor before making decisions.
The author is not registered with SEBI and is not responsible for any losses based on this analysis. Use this information at your own discretion.
註釋
Buyers are sceptical.
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