Adani Power

Adani power has completed wave 1 and 2 and now it is in wave 3, daily macd has also given positive crossover along with bbc and trendline breakout with good intensity of volume, if wave 3 is going to be equal to wave 1 then it can be at 135 levels and if wave 3 extends by fibonacci 1.618% the it show atleast 162 or more, overall one can go long with mentioned key levels for mentioned targets.

breakout with volume

wave structure and key levels

macd in td

macd in wv

bbc in daily

bullish ungali in daily

rsi in daily above 60 and uptick


Disclaimer
i am not sebi registered analyst
my studies are for educational purpose only
please consult your financial advisor before trading or investing