ADANIENT trade ideas
Riding another bulish pattern breakup of ascending structure....retest is done..looking for more up move..
Adani Enterprises By simple Support and Restistance ! Hello friends,
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Here we go,
As you can see in the chart at upper-Value Area price is rejected by 2 nd time with strong showing rejection by pinbar that's goods sign of being reversed from this area You can short below arrow line at 146 for Target toward 140-136-130
Thanks
adani enterprises towards 150 levelsDaily chart of adani enterprises suggesting that stock is near breakout, and on intraday timeframe,if it sustains 140 levels, stock can move towards 150 levels.
Stop is at 138 levels
Please do not follow blindly, do your own research.
ADANIENT - ASCENDING TRIANGLE PATTERNStock has been trading in a ascending triangle range since mid march 2020 and range is now getting narrower , suggesting stock is getting ready for a breakout.
ADANIENT - OPIND0005
OPPORTUNITY
-Ascending support line breakout. And continuation of that breakout.
CAUTION
-Market has created demand zone at that price level.
ADANIENT SHORTEconomic Nerd
Technical analysis on FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits / losses what so ever.
Short ADANIENT
Watch out for Adani Ent !!After a handsome rally of close to 40% in less than a fortnight ( for obvious friendly news and announcements), the stock is currently trading very close to the upper limit of its 9 months uptrend channel. We have seen 2 big corrections from the upper channel bound in the past 9 months and in all likelihood, we should see another one here. Booking profits (if not done already) can be looked at and also creating new short can be a good proposition. Obviously with a strict SL (at close to 200)
