Educational Price Action Analysis

2023年2月4日

Price action analysis of Adani Group

Quarterly 20 EMA Supports.... Generally, stocks of good quality should take support at QEMA, all F&O stocks have tested QEMA 20 and bounced back (except Adani port) but this candle is not yet closed.

Have mentioned support for all the cash group stocks also.

Adani Green - QEMA - 820
Adani Transmission - QEMA - 1284
Adani Power - QEMA 141
NDTV - QEMA 143

Adani Enterprises - QEMA 1395
ACC - QEMA 1877
Ambuja - QEMA - 325
Adani port - QEMA 562

Adani Total Gas - QEMA not available - MEMA - 2322 - Major support 1373
Adani Wilmar - Quarterly and monthly ema not available - Weekly 20 ema - 591, major support 391

As per Price Action Theory, this indicator is used by most.. let's see how this theory play here..

These levels are for learning purpose.