Adani
Stay Cautious on whole Adani Group!After a very long time Adani group of stocks showing TIREDNESS on the charts, RSI, ADX at the same time.
Don't buy or Invest in Adani group now. If you have positions trail it.
Trading can be done by strict Stoploss on breaking of either range.
Still no breakdown. But cautious view. Don't short.
AWL - Lower CircuitsAWL was making upper circuit 🙂 earlier, now lower circuit 🤨.
From its rally from 385 to 640, it has created support around 500 levels ( 488 to be precise)
And the major support for the stock is around 385-400 levels
Keep an eye on the stock around 500 levels and 400 if it moves below 500, these are the levels, where stock can turn around again.
AWL might be bearish for short termStock completed wave 3 and needs a cool off for next wave. Around 460 on bull case - and 380 on worse Case can be reversal points technically. Since its heavily manipulated it can't work as accurate as possible, but it can give a clear idea to the investors to not panic in these situations.
Updated AdaniEnt Chart - Target Hit to the dot!! Last week, the view on Adanient was short since the stock couldn't break out of the resistance and it had to move back to support from where it can try again move up.
Further since the view on index was also bearish, the trade was executed with confidence.
On Friday, the stock hit our target of 1640 to the dot and then retraced a little.
From here on, we can expect a slow upward movement and this time possibly a break out also from the resistance zone. However, it is a risky trade since index is bearish and we are nearing holidays which will cause low volumes in market.
Targets for long position are:
1690
1719
1764
SL at 1600
*only for educational purposes*
Adani Power - Mid & Long term IdeaHey all ,
Hope you all doing good in this lock down :P Today I am sharing my another Idea for mid and for Long term swing .
Script Name : ADANI POWER
1st Buy : 21
Second Buy : 18
Third Buy : 15
Average Buy : 18 rupees
Stop Loss : 11
Target : 30/41/58/73
Long and for Mid term Holding
adani ports big bullish now adani at under pressure buy sellers
fundamental its good and strong has many project and improvement while now lock down is get released
so have position now as month position
take if you want at
T1:- 800
T2:-850
T3:-900
after these they will some consolidation so follow the market trend too
Adani ENT Possible Short AdaniEnt is in strong uptrend. We have seen almost 30% move last week when it broke out from 1350 towards 1700.
At this point, there are no signs of bearishness on any timeframes. However, I see a harmonic pattern and I am explaining it below. Pl note that this is a monthly chart on the log scale.
Harmonic inherently does not support log scale therefore we have to manually project X-A, ABC Leg and B to C leg and look for major FIB Levels. FIB retracement and Trend based FIB extension tool on trading view supports FIB levels based on the log scale. I have mentioned levels in the chart only and therefore I am not repeating it here.
Additionally, I have used pitchfork took. Pitchfork is used to project long term price cycles based on the trendlines drawn from FIB levels and identify swings. There are variations of the tool namely standard pitchfork (aka Andrew Pitchfork), modified pitchfork etc. For this, I have used standard pitchfork tool. Explaining the pitchfork in the idea not recommended but you can find relevant materials on Investopedia and YouTube. Pl see that 0.618 FIB line on the pitchfork acts as a resistance. I am not using it regularly but I do know about its usefulness and limitations.
Again these are all possible zones from where we can see swing high formation and should see a correction but that does not mean we short it immediately. Let Price action show a bearishness with RSI weakness. negative divergence or some sort of bearish candlestick patterns. We will need to carefully wait and see how price structure develops from here and take a call accordingly. But Again, these are just possible zones from where market may reverse but nothing guaranteed.