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ADANIENT

ADANIENT--Bullish or Bearish??Observations:: Drop base drop is observed now stock price @ base, but no sign of bearishness... after showing bearish again consolidation... may again goes bullish or reversal we have to wait for confirmation. If base acts as resistance price again falls. we have demand zone @ bottom price will test that zone but not immediately...slow process is going to observe. keep an alert @ demand then go for long. after strong breakout, price again ranging may again continue its bullishness.... so don't go for short without any proper confirmation. if again showing bullishness, we wait if price again breaks 3075 level, and not able to sustain above then look for sell.
NSE:ADANIENT
by IIT-Trader
ADANI/INR ( Still Big Dump Expecting as per Technical AnalysisTechnical Analysis of ADANIENT/INR: ADANIENT is currently trading at ₹1615, which has seen almost a 20% rise within 2 days after a significant fall of 75% within 3 months. Many retailers attribute this fall to the Hindenburg Report, but I believe that the retailers may be wrong. The decline began in December 2022, and a strong reversal pattern formed at the top. Therefore, smart players had already exited by the end of December and January. The Hindenburg Report came on 24th January, by which time ADANIENT had already given a strong reversal pattern. Therefore, I believe that this news might have been pre-planned. It is essential to be smart and trade smartly in such situations. As per the chart, the downtrend of ADANIENT is still ongoing, but I believe that it may test the ₹2364 level again, which is around a 50% rise from the current price. However, after retesting resistance, another dump is expected. The major support level is ₹1360, and if any HTF candle closes below it, then another significant drop is expected. If the support level of ₹1360 is broken, then we may see ADANIENT at the ₹500-₹700 level. The Fib retracement support is also around those points. 0.5 FIB = ₹704, 0.618 FIB = 460. Long-term support TrendLine is also near the FIB Retracement levels. It is essential to note that this process takes time, unlike Crypto, and it may take around 2-3 years in my opinion. If ADANIENT breaks the price level of ₹3011, then the bearish sentiment will end. My Key Levels: Support: ₹1360/$704 Resistance: ₹2364 Please support me by Liking, Sharing, and appreciating my analysis and content. Follow me for the latest real-time updates. Thank you.
NSE:ADANIENTShort
by CryptoPatel
5
Powerful Bears?Nifty resistance 17800 according to fibonacti tool for the supports come up at 17670 and 17600 • India's CPI Inflation Data "India's retail inflation britches RBI tolerance limit in January accelerates to 6.52%" • Tomorrow's market might be a bearish market again or kind of sideways because of today's adani's report published by bloomber it says Adani group might cut its revenue up to 50% and limit its capital expenditure and focus more on companies financial health (repairing the debt and unpledging the pledged shares) • Important countries and regions such as US UK and European countries are yet to come with the inflation datas • Currently the market is completely driven by the news and specially by the Adani stocks as a d uninstalls affects the banking sector and financial services which affects the nifty as it has more contribution in the index
NSE:NIFTYShort
by Yash_Junavane