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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 an in-depth examination of the stock’s current trend and future market movement expectations.

• The market is currently in a counter-trend phase, which is characterized by impulsive movements rather than corrective ones.
• The primary structure under analysis is Navy Blue Wave 3, forming part of a larger wave pattern within Gray Wave C.
• Navy Blue Wave 2 has likely completed, and the market is now transitioning into Navy Blue Wave 3, which is expected to be impulsive, leading to strong directional movements.

Key Considerations for Traders

• The next higher-degree wave to monitor is Navy Blue Wave 4, which will follow Navy Blue Wave 3’s completion.
• A critical level to watch is 1678.25, which serves as the invalidation point for the current wave structure.
• If the price moves beyond 1678.25, the current Elliott Wave count would be invalid, potentially indicating a shift in market dynamics.
• Traders should closely track the development of Navy Blue Wave 3 and prepare for the potential onset of Navy Blue Wave 4.

Trading Insights

This detailed analysis of the ADANI GREEN daily chart provides traders with a structured approach to understanding market behavior and anticipating potential trend shifts.

• Wave patterns and key price levels play an important role in making informed trading decisions.
• Identifying the completion of one wave and the beginning of another helps traders anticipate price movements and adjust strategies accordingly.
• Short-term perspective from the daily chart allows traders to align their strategies with immediate trends and potential turning points.

By utilizing Elliott Wave principles, traders can enhance their market insight, improving decision-making and risk management in the ADANI GREEN stock market.

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 provides an in-depth evaluation of the stock’s current trend and future price movement expectations.

• The market is currently in a counter-trend phase, characterized by impulsive movements rather than corrective ones.
• The primary structure under analysis is Navy Blue Wave 3, forming part of a larger wave pattern within Gray Wave C.
• Navy Blue Wave 2 has likely completed, and the market is now transitioning into Navy Blue Wave 3, which is expected to be impulsive, leading to strong directional movements.

Key Considerations for Traders

• The next higher-degree wave to monitor is Navy Blue Wave 4, which will follow Navy Blue Wave 3’s completion.
• A critical level to watch is 1678.25, which serves as the invalidation point for the current wave structure.
• If the price moves beyond 1678.25, the current Elliott Wave count would be invalid, potentially signaling a shift in market dynamics.
• Traders should closely track the development of Navy Blue Wave 3 and prepare for the potential onset of Navy Blue Wave 4.

Trading Insights

This detailed analysis of the ADANI GREEN weekly chart provides traders with a structured approach to understanding market behavior and anticipating potential trend shifts.

• Wave patterns and key price levels play an important role in making informed trading decisions.
• Identifying the completion of one wave and the beginning of another helps traders anticipate price movements and adjust strategies accordingly.
• Longer-term perspective from the weekly chart allows traders to align their strategies with broader market trends and potential turning points.
• Impulsive phases often precede significant trend developments, emphasizing the importance of patience and careful observation during these movements.

By utilizing Elliott Wave principles, traders can enhance their market insight, improving decision-making and risk management in the ADANI GREEN stock market.

Technical Analyst : Malik Awais

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