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Adani Power - Perfect Fibonacci Trade Setup

Adani Power Trade Setup

The fibonacci setup is giving a very good trade setup for this stock.

the MACD trend lines are about to move up showcasing the end of downward cycle and it's perfectly setting on the fibonacci setup.

Wait for a day or two for the movement in the upward direction and take an entry in the stock with a price target of 895.

the trade is having a ratio of 1:3.6

chartanalysisChart PatternsFibonaccifibonaccianalysismacddivergenceMoving Averages

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