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| Item Details | Price | ||
|---|---|---|---|
Stock name: Adani Green Energy Ltd
Pattern: Break out pattern
Time frame: Daily
Observation:
Stock had crashed in the January 2023 post Hindenburg reports. Since march 2023, this stock has been in a tight range. However yesterday, the stock seems to have broken out its resistance zone of 1000 INR with average volume. According to technical analysis, if this is able to hold the resistance line and sustain above it, then it may show trend continuation on the upside.
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Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.
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