Adanient - Intraday Trade SetupAdanient CMP - 385.75
Looking bearish in higher time frame. One can go for Intraday / Swing Trade setup with the following entry, exit & targets
Sell at or Below ONLY 385 / Stop Loss 391
Target 1 - 381
Target 2 - 376
Target 3 – 371 / 365
Disclaimer: This is my view and for educational purpose only.
ADANIENT trade ideas
ADANI ENTER PRISES HAS BEST INTRADAY SETUP FOR FRIDAY 23OCT 2020Adani Enter Prisis has come up with best intraday setup for friday 23 octobar 2020 look at the set up it has been in a cansolidation manner from last two days and it high time it is just ready to blast and give a great return on your investment in intraday. NSE:ADANIENT
adani enter prisis is good stock belonging to adani group having a good amount of liquidity so there will be no problem of any liquidation in the stock.
you can trade this when you get a confirmation on break out of the traingle pattern formed and keep your stop loss according to your risk management and also once confirm with your financial advisor. if you know how to trade on a break out then its good if you don't know then read more.
adani enter prisis which moving in a range if breaks its upside resistance level I mean to say then you have to wait for candle to close above that level and once it is done you can buy the stock and keep you sl below the candle which has closed above the resistance level or you can keep your sl below the support level it will be much safer.
if the stock breaks the range down side then you just have to ignore the trade because there is a basic rule that buy low and sell high and sell high and buy low. if we trade the stock when support level is broke we can not sell it because stock is already at its support level which means already at its low point so we can't sell the stock at low and expect that stock will go more down wards that will be against the trading rule.
Thats it for today guys.
Thankyou, if you are reading this till now.
trade according to the given levels.
Adani ent good short candidateAdani ent cmp 293
Ascending wedge pattern
Gann fann resistance , confluence at same zone
Good to go short in range 300 to 320
View gets violated above 330 levels on closing basis
Down side 255-240-221 levels possible.
Rsi indicator overbought and around historical resistance levels.
Rocket Deal #3Rocket Deal is a series of high probability breakout ideas with time horizon of 2-3 weeks with 10-15% targets . Most of the time you will see the breakouts within 2 days. This maybe useful for swing traders.
NSE:ADANIENT in the consolidation zone. Stock will breakout soon. Risk Reward calculation is mentioned in the chart.
Assumption : Every trade idea begin with 100 bucks , Risk Reward statistics shows how much you may earn/loose when target/stop hits. Never stick to loosing trade.