Chart of the week. Adani Enterprise. (13/11/21)After 30% correction and consolidating for weeks, Adani Enterprise has given a up flag breakout on its weekly charts. The chart structure is extremely positive and one may hold it with a long term view for aggressive targets.
CMP - 1705 W.
Target - 2031 (MEDIUM TERM) 2900 (LONG TERM)
SL - 1470 W.
VIEW - MEDIUM TO LONG TERM.
ADANIENT trade ideas
ADANI ENTERPRISES (LONG)Adani Ent ready for breakout on weekly chart.
Good volume coming.
Entry and Tgts given on the chart.
SL keep at today's candle low.
Good Move expected.
Must Correlate yourself also on charts before taking an entry. This is for Educational purposes only. Please consult your Financial advisor before investing.
Channel Pattern BreakoutOn Adani Enterprises on 15 min a channel is formed, Price as already taken support from its previously tested trendline, and now consolidating in an channel form, We can inititate buy order when price breaks channel and also when 20EMA is near to price at the point of breakout. We can take target of 1% And trai it till 1546.70.Easily 1:2 target can be achieved.
Date of Analysis:-6 November 2021.