Adani Enterprises - Breakout in Progress?The stock has been consolidating below a resistance level for several weeks. Today, it has given a breakout above the trendline resistance with good volume. This breakout could trigger a potential uptrend.
🔹 Target & Resistance:
Target: ₹2,654.70 (+13.49%)
Resistance Level: ₹2,654.70 (marked in purple)
🔹 Volume Confirmation:
The breakout is supported by increasing volume, indicating strong buying interest. If the stock sustains above the breakout level, we might see a strong upward move.
🔹 Trading Plan:
✅ Entry: On breakout retest or sustained move above resistance
🎯 Target: ₹2,654.70
🛑 Stop Loss: Below breakout zone
📢 Conclusion:
A successful breakout and close above this level could confirm bullish momentum. However, traders should watch for retest and price action confirmation before entering.