Adani Total Gas Ltd – Technical Outlook

Adani Total Gas Ltd – Technical Outlook (Educational Purpose Only) Price Structure: The stock has given a strong rebound from long-term support near ₹555–₹560 after forming multiple bottoms, indicating demand emergence at lower levels. Pattern & Trend: A falling wedge breakout is visible on the daily chart, which is a bullish reversal pattern. Price has closed above the wedge resistance with a strong bullish candle. Indicators: • RSI turning upward from oversold zone, signaling momentum revival • MACD showing bullish crossover from low levels • Bollinger Bands contraction followed by expansion hints at a fresh move • Volume spike confirms breakout validity Key Levels: Support: ₹580 / ₹555 Buy Zone: ₹580–₹595 Resistance: ₹640 / ₹680 Targets: ₹650 – ₹700 Stop Loss: ₹555 (closing basis) Bias: Bullish reversal setup. Sustaining above ₹580 can lead to further upside towards ₹650+ in the short to medium term. ⚠️ For educational purposes only. Not investment advice.