ADANIGREEN is forming triangle pattern

19 Eki 2022

ADANIGREEN large cap adani stock is forming triangle pattern.

Cons:

• Very high PE ratio - 600
  Very high debt to asset ratio - 0.9
  News driven stock
  

Pros:

*Adani stock
30% below its all time high
Green energy sector

Not recommended for long term as price can crash any time due to high PE ratio. But good pick for swing with very high risk.

Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.

Profits are not made from following ideas, but by following Risk Management.

2 Kas 2022

İşlem aktif

Triangle's support doing its job.