15Mar

ADANI GREEN Elliott Wave Analysis, Stock Forecast, Price Prediction, Technical Analysis, Market Trends & Trading Strategy

ADANI GREEN Elliott Wave Analysis – Trading Lounge Day Chart

ADANI GREEN Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Impulsive

Structure: Navy Blue Wave 3

Position: Gray Wave C

Next Higher Degree Direction: Navy Blue Wave 4

Details:

  • Navy Blue Wave 2 appears completed.
  • Navy Blue Wave 3 is now in play.

Wave Cancellation Invalid Level: 1678.25

Analysis Overview

The ADANI GREEN Elliott Wave Analysis for the daily chart provides a comprehensive outlook on the stock’s current market structure and future trend expectations.

  • The market is currently in a counter-trend phase, characterized by impulsive price movements rather than corrective waves.
  • The primary Elliott Wave pattern under analysis is Navy Blue Wave 3, which forms part of the broader Gray Wave C structure.
  • With Navy Blue Wave 2 likely completed, the market has now transitioned into Navy Blue Wave 3, which is expected to be impulsive, potentially leading to significant price action.

Key Considerations for Traders

  • The next key wave to track is Navy Blue Wave 4, which will emerge after Navy Blue Wave 3 completes.
  • A crucial wave invalidation level to monitor is 1678.25. If the price breaks this level, the current Elliott Wave count becomes invalid, signaling a potential change in market structure.
  • Traders should closely observe the progression of Navy Blue Wave 3 and prepare for the possible development of Navy Blue Wave 4.
  • Trading Insights

This Elliott Wave analysis of the ADANI GREEN daily chart provides traders with a structured technical outlook to navigate the current market environment.

  • Wave patterns and critical price levels play a pivotal role in strategic decision-making.
  • Identifying the completion of one wave and the start of another can help traders adjust their entry and exit strategies.
  • A short-term perspective using the daily chart enables traders to align their positions with immediate market movements and potential turning points.
  • Applying Elliott Wave principles enhances market analysis, improving decision-making and risk management for ADANI GREEN stock traders.

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ADANI GREEN Elliott Wave Analysis – Trading Lounge Weekly Chart

ADANI GREEN Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Impulsive

Structure: Navy Blue Wave 3

Position: Gray Wave C

Next Higher Degree Direction: Navy Blue Wave 4

Details:

  • Navy Blue Wave 2 appears completed.
  • Navy Blue Wave 3 is now in play.

Wave Cancellation Invalid Level: 1678.25

Analysis Overview

The ADANI GREEN Elliott Wave Analysis for the weekly chart offers a long-term perspective on the stock’s trend and future price movement expectations.

The market remains in a counter-trend phase, characterized by strong impulsive movements rather than corrective patterns.
The Navy Blue Wave 3 structure is part of the broader Gray Wave C, indicating a critical phase in the Elliott Wave sequence.
With Navy Blue Wave 2 now likely completed, the market is moving into Navy Blue Wave 3, which is expected to be impulsive, leading to notable price action.

Key Considerations for Traders

  • The next major wave to watch is Navy Blue Wave 4, which will emerge following Navy Blue Wave 3’s completion.
  • A key invalidation level is 1678.25. If the price moves beyond this point, it would invalidate the current wave count, potentially signaling a market shift.
  • Traders should track the evolution of Navy Blue Wave 3 and prepare for the possible emergence of Navy Blue Wave 4.

Trading Insights

This Elliott Wave analysis of the ADANI GREEN weekly chart provides traders with a long-term technical framework to interpret market behavior and anticipate trend changes.

  • Understanding wave structures and price levels is crucial for making informed trading decisions.
  • Recognizing the completion of one wave cycle and the onset of another allows traders to adapt their trading strategies accordingly.
  • The weekly chart perspective offers insight into broader market trends, helping traders align their strategies with long-term price movements.
  • Impulsive phases often precede significant trend shifts, reinforcing the importance of patience and strategic planning.
  • By leveraging Elliott Wave principles, traders can enhance their market analysis, improving both risk management and trading accuracy in the ADANI GREEN stock market.

Technical Analyst: Malik Awais

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here 

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