The Adani Group is poised as a Flag
These are my technical pivots in the 10 names:
Most Adani stocks have moved 30-100% and made the flag pole.
The mast is being formed as I write.
If (important) they break out, it will be a lucrative low-risk entry.
(PS: They may not break out, but rather form an extended base or breakdown)
Here I mark the BO pivots. Both ONP and Cheat and only one :
Adani Enterprise:
ACC
Adani Green
Adani Ports
Adani Power:
Adani Ensol:
Ambuja Cements:
ATGL:
AWL:
NDTV
That’s the list.
Breakout trading involves buying a stock when the price crosses the pivotal point with high volumes.
Volumes confirm.
But sometimes they can follow after the breakout has occurred.
I employ trading view alerts to catch them while breaking out (see the clock sign on my charts).
I hope you found this mid-week issue helpful.
See you on Saturday then.
SH