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ADANI ENTERPRISES LTD

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ADANIENT trade ideas

Adani Enterprises Plummets.Adani Enterprises has witnessed a significant drop, with the latest trading session closing at INR 2941.25, marking a dramatic -19.31% decline. This analysis delves into the technical indicators, chart patterns, and recent market news to forecast potential price movements. Traders need to be agile and informed to navigate this volatile landscape. The recent price action shows a sharp decline, evidenced by a long red candlestick. This bearish engulfing pattern suggests strong selling pressure, often indicating a continuation of downward momentum. The price has broken through several key support levels, causing a cascading effect on trader sentiment. Moving Averages 50-day EMA: 3131.39 (Sell) 200-day EMA: 2825.15 (Buy) 9-day Hull MA: 3354.43 (Sell) The 50-day EMA is positioned well above the current price, reinforcing the bearish sentiment. The 200-day EMA, however, still signals a longer-term buying opportunity, suggesting potential for a rebound if the price stabilizes around this level. Oscillators RSI (14): 42.92 (Neutral) Stochastic %K (14, 3, 3): 66.57 (Neutral) MACD Level (12, 26): 65.52 (Buy) Momentum (10): -176.25 (Sell) The RSI remains neutral, indicating neither overbought nor oversold conditions, which could suggest a period of consolidation. The Stochastic %K aligns with this view, showing a lack of definitive trend. The MACD, however, offers a glimmer of bullish potential, countered by negative momentum. The immediate support level at 2958.95 has been breached, suggesting a potential fall towards S2 at 2506.55 if selling pressure persists. Resistance levels indicate significant upward hurdles, with R1 at 3660.80 being the first major test for any recovery. News Impact Recent news has heavily impacted Adani Enterprises, with reports of regulatory scrutiny and market skepticism about valuations contributing to the sharp decline. Investors are reacting to potential long-term implications, affecting both sentiment and trading volumes. Long Position Entry Point: If the price stabilizes above the 200-day EMA (2825.15), consider entering a long position. Stop Loss: Set a stop loss at 2700 to mitigate downside risk. Target: Initial target at R1 (3660.80), with potential to extend to R2 (3910.25) if bullish momentum strengthens. Short Position Entry Point: If the price continues to decline past the 200-day EMA, enter a short position around 2825. Stop Loss: Set a stop loss at 3000 to protect against unexpected reversals. Target: Target S2 (2506.55) for a conservative approach, extending to S3 (1804.70) for a more aggressive strategy. Conclusion Adani Enterprises faces significant headwinds, with technical indicators predominantly bearish and market sentiment heavily influenced by recent news. Traders should remain cautious, leveraging stop losses and closely monitoring key support and resistance levels to navigate this volatile environment. Short-term traders might find opportunities in both directions, while long-term investors should assess the fundamental impacts before making decisions. Price Prediction Bearish Scenario: INR 2506.55 (near-term), INR 1804.70 (if bearish momentum continues) Bullish Scenario: INR 3660.80 (rebound potential), INR 3910.25 (sustained recovery)
NSE:ADANIENT
by AxiomEx
Adani Enterprises (ADANIENT) ForecastThis chart depicts the daily price movements of Adani Enterprises (ADANIENT) on the NSE. Here’s a summary of the key observations and potential implications: Chart Analysis: 1. Trend Lines: -Ascending Channel: The chart shows an ascending channel pattern with two parallel trend lines, indicating that the stock has been trading within this upward channel since early 2023. - Support Line: The lower trend line acts as support, preventing the price from falling further. - Resistance Line: The upper trend line acts as resistance, capping the price increase. 2. Current Price Action: - The current price (3,384.95 INR) is near the upper resistance line of the ascending channel. - The stock recently experienced a strong upward move, pushing towards this resistance level. 3. Key Levels: - Resistance Level: Around 3,590.60 INR, which corresponds to the upper boundary of the ascending channel. - Support Levels: - Around 3,000 INR, aligning with the lower boundary of the ascending channel. - Additional support near the 2,600 INR mark, providing a secondary level of support in case of a significant pullback. Potential Implications: 1. Bullish Scenario: - If the price breaks above the upper trend line (3,590.60 INR) with strong volume, it could signal a bullish breakout, potentially leading to further gains. 2. Bearish Scenario: - If the price fails to break the resistance and reverses, it might move back down towards the support line of the ascending channel, around 3,000 INR. - A breakdown below the lower trend line could indicate a bearish reversal, possibly leading to further declines towards 2,600 INR or lower. 3. Neutral/Sideways Movement: - If the price remains within the channel, it may continue to trade sideways, oscillating between the support and resistance levels. Conclusion: - The chart shows that Adani Enterprises is currently at a critical juncture near its ascending channel's resistance level. - Investors should watch for a breakout above the resistance or a reversal to gauge the next major move. - As always, it is advisable to combine this technical analysis with other factors such as fundamental analysis, market news, and broader market trends before making any trading decisions.
NSE:ADANIENTShort
by The90sTraderOfficial
Will Adani Loose? Indian Elections - ProspectiveDespite Nifty showing Bullish and Bearish Signals Adani Group is forming the parallel channel We are not quite sure as the market is still in a retesting position if the market continues to reject we can expect Adani to make Low to 700 rupees from 3000 rupees!!!! Is this connected with the elections? I am quite sure that it is If The NDA forms the government again yes it will shoot up and if not then it is going to crash suddenly Be ready to see the blood in the Indian Markets soon or the green flags after the election results.
NSE:ADANIENT
by fatehgarhiaharman
ADANIENT: Rocket Move Towards All-Time Highs?🚀📈Title: "ADANIENT: Anticipating a Rocket Move Towards All-Time Highs, Eyes Set on 6100 INR in the Next 4 Years! 🚀📈" Description: Embark on an exciting journey with ADANIENT as we anticipate a rocket move propelling the stock towards all-time highs. NEOALGO's analysis suggests a potential surge, with a bold outlook projecting a target of 6100 INR over the next four years. Our optimism stems from the formation of strong order blocks, indicating a robust upward trajectory. This is our personal view, envisioning golden days ahead for Adani. The anticipation of a substantial upmove is underpinned by the promising order blocks, shaping a positive narrative. Keep in mind, NEOALGO is not SEBI registered, and investors should conduct thorough research. Decisions made directly impact potential profit or loss. Embrace the excitement, explore the potential of ADANIENT, and consider the optimistic future detailed in our analysis. 🌟📊 #ADANIENT #RocketMove #GoldenDaysAhead #OptimisticOutlook
NSE:ADANIENTLong
by NEOALGO_PRO