ADANIENT trade ideas
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ADANIENT buy abv 1950 stop loss 1910 longterm target 2130*2320*2510*2720*2930*3355
Shorting Adani Enterprises on hindsightIn the world of investment , it can be pretty boring. After finding the quality companies you are keen to invest and you had parked your funds, there is nothing much to do except to wait. The waiting time are usually in years rather than months or weeks compared to trading.
You probably would have read about the Adani Enterprises news online by now and how the CEO, Mr Adani has lost billions within days. It is less important to a trader if the eventual outcome of who's right who's wrong matters as compared to a good shorting opportunity.
The Hindenburg Research report on Adani was published on 24 Jan 2023. From the chart, we can see the price action has already broke down from the daily bullish trend since 6 Jan 2023. Assuming you pick up the signals from the media and shorted the stock, you would have gained as much as 50% for holding this short for a week or so.
We have seen the light of many global companies that have good reputations and admirable list of investors behind it only to fallen and disappoint many retail investors (eg. FXT, many educational listed companies in China,). That brings my point to the importance of doing your own research, place a maximum cap in each company investment (no matter how much you like it) , allocate sufficient funds for diversification (geographical, sectoral, etc). This is a form or risk management strategy.
In the event of a collapse, your loss (assuming a total loss) is contained by the maximum % of your capital that you had allocated. Imagine those trained chartered financial analysts who had access to more information than the retail investors/traders can also make mistakes , how about us ?
For that, we need a wider margin of safety and staggered our buying into the companies at different price point (averaging up or down) and within the maximum allocation provided.
I do not invest in any India stocks for now and thus seldom pay attention to its country or stock news thus I am not invested in this stock. However, this news could also happen to any stocks listed in US, Europe, China for which I have vested interest.
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
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ADANI ENTERPRISES : Trend Change...!Adani Ent. Stock on Daily TF wee can see today stock has made Bullish Engulfing Pattern (previous candle small red & Green today Closing Big candle).with High volume. Also today we can see the Volatility Divergence made which indicate the trend has changed. Stock take support in downside and ready to move up trend.
Entry : CMP
SL : 1107
Upside Move : 1526,1662
SALE ADANI ENTERPRISESHindenburg ne hila dia ADANI Group ko,,he is claiming ADANI group is doing scams with their funds that is the reason all stocks of adani group falling like anything,,and we can see this follow up sailing some more days until AGAG GROUP is not giving proper reply to their investor,
Sale ADANI ENTERPRISES FUTURE FOR 20-35% RETURNS. FOR STOP LOSS AND TARGET SEE CHART.
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Adani to find its way down to 75 supportI dont have much to say about this... All other companies which entered a correction went down to roughly their 2017 levels, I see no reason why this scam wont, and on top of it they are a representation of the country which is helping Russia in the Ukraine war.
Adani Enterprises ViewAdani Enterprises looks pretty good on a daily timeframe basis forming a Hammer pattern which is signalling a U-turn in a downtrend. Beside this, another noticing point is that on a daily timeframe, 50EMA is going to cross 100EMA which creates quiet confusion. However, we could not determine whether it will show a more down move or an up move. This will be clear after the formation of next day candle.
Though company is fundamentally going well as per our perspectives. But the arousal of political interventions created havoc in the stocks of Adani.
Hoping it will recover from this low.
Near term resistance is seen at or near 2100-2200. From this level only we can clearly predict which side will it move.
🙏 Thanks