Analysed the Adani Energy solutions on a weekly chart
there is a 4 year long gap to be filled - Fibonacci setup.
However from last 1 year, the price has been seeing a heavy resistance and support at the entry zone, which somehow makes the entire Fibonacci setup little week.
The coming week or two, may still see a downfall and hot the support level of 975-970, if continued, it may hit a second resistance of 955-950.
at this stage, the trend is also hanging towards more sellers keen to liquidate their positions. Hence this may drive the price downwards towards its support.
Once the price sustain the support level, price may hit its first sub resistance of 1190. It may also continue to hit its second main resistance level of 1265
I shall keep updating the weekly analysis.
there is a 4 year long gap to be filled - Fibonacci setup.
However from last 1 year, the price has been seeing a heavy resistance and support at the entry zone, which somehow makes the entire Fibonacci setup little week.
The coming week or two, may still see a downfall and hot the support level of 975-970, if continued, it may hit a second resistance of 955-950.
at this stage, the trend is also hanging towards more sellers keen to liquidate their positions. Hence this may drive the price downwards towards its support.
Once the price sustain the support level, price may hit its first sub resistance of 1190. It may also continue to hit its second main resistance level of 1265
I shall keep updating the weekly analysis.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。