ADANIENT trade ideas
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.
๐ Thanks
Adani Enterprises Positional View Weekly Analysis @ 02-02-2023Adani Enterprises came to 1st Opportunity, All the Important Levels are Marked on the Chart
The Business Model is good for Adani Empire, Second Biggest Company in India
I will be more Happy if i get another dips, Will Update this idea & decisions in coming months
Always Trade What You See not What You Feel........
"Be Fearful when others are Greedy and Greedy only when others are Fearful " - Warren Buffett
John Maynard Keynes said, โthe markets can remain irrational longer than you can remain solvent.โ So be cautious and flexible as market conditions evolve.
Than You Universe ๐๐๐๐ Thanks to all my Teachers ....๐๐๐๐
ADANI ENTERPRISES let's see what Elliott wave say?I was observing Adani enterprises since it was above 4100 range.
And was thinking it will move to very low level but was not sure of the trigger
It had completed its 5 wave and a divergence was being seen when the price was at high.
Now i think the wave 2 is in progress of higher degree, but the price may not come so fast in my view.
Be safe from any trap that's why I have given you this chart.
Regards
ADANI ENETRPRISES ๐๐คฃ๐hello ji,
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Here we all know about ADANI STOCK.
And make reverse head and shoulder. ๐๐๐๐ค
Here ADANI ENETRPRISES IS IN a make and break levels.
If ADANI stock are bullish tomorrow then market also bullish
else: market is bearish.
THANK YOU... ๐๐๐
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Adani Enterprise just pure technical analysisAdani Enterprise just pure technical analysis
broke the 200 day moving average on large volume
lot of news flow with some allegations by Hindenburg short seller with some issues around float/holding structure and pending follow-on-public offer
Most likely previous support will become resistance, and trend broken?
Keeping this to technical analysis for the time being
Shows important questions around corporate governance in emerging markets
Holding structure and what's true float?
ADANIENT SHORTAdani enterprises after breaking the support zone is going for the re-test.
Good to enter after 1 red candle from the above level (3850).
Target :- 3200
Stoploss :- 4000
Good risk to reward ratio, but only enter once it reverses from the above zone.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.