ADANIENT trade ideas
ADANIENT-- Rise or fall ??Observations::
-------->> the stock is trending upwards.
-------->> now price is at the zone where a strong sell off happens previously, may price again fall from this zone.
-------->> careful at this zone before going long.
--------->> we have a trendline support as well. keep track this level for further movement in the stock.
Note::
Keep on sell side from this zone. A strong sell off is going to observe.
ADANI ENT - LONG ANALYSISProvided if the Stock breaks the level of trendline in upcoming Trading Session, there is a chance for going long for Swing Trade. There is good volume coming up in last few days. There has been some positive news in Adani Ent .
If the price breaks above the level and then retests the levels and moves in a up direction we can have a swing trade in Adani Ent.
I will keep updating regarding this idea in next few days.
Adani Enterprise NSE:ADANIENT had formed a symmetrical chart pattern in 1 day timeframe. And had been consolidating from couple of months. currently its is nuetral. Waiting for a clear breakout.
If it's gives breakout in upward direction. Then take a long position.
first target Rs 2065
second target Rs 2368
If it's gives breakout in downward dorection. Then take a short position.
first target Rs 1552
second target Rs 1240
And stoploss is must.
Adani E- Squeeze in Price and volume - Price volume volatility has squeeze. A break out either side would lead to a massive move. On the down side the Mother candle, "The Noisy candle of 6 February that led to the massive fall" still not taken out. Triangle pattern correction towards low side indicate that down trend may continue. A price volume squeeze indicate that that a big move is about to take place and could be a trend change. A break out of price below 1600 would indicate a new low. A break out on the upside of the channel would indicate price of 2200 level and beyond. For the upside since the volatility has squeezed, can be sign of a trend change. For the upside would suggest to have a close watch on volume. Suggestions are welcome.
FRESH LONG BEFORE 2160 WOULD BE A DISASTERThis is my take on Adani E. The script never got corrected since April 2020 and was always in uptrend. The fall in the month of January is the first correction of Wave 1 on weekly chart. The correction was sharp and fearful and upto 78.6% retracement. In case if the trend is to reverse and Wave 3 is to start it would be confirmed only on the closure on weekly basis above 2160 level. In case if in the near term the price gets rejected at 2000 level further pain may continue. The chart is also an inside candle pattern on weekly chart indicating the downtrend continues.
The new long can be entered only at the break out above 2160 level.
Building long position before 2160 level break could be a disaster. The low side could be 400 and below.
Adani enterprises ADANIENT on the daily chart has witnessed a triangle pattern breakout and prices are trading above the resistance zone.
Stock is trading above its 9 & 21 EMA and momentum oscillator RSI (14) has witnessed a range breakout above 50 levels with bullish crossover.
This bullish pattern will be neglected If prices closed below the 1800 levels
Adani EntAdani Enterprises...
last quarter fully news driven...
Super Volatile (Actually good for trading... My customers who are following here also know we made good money in cash and options in last two months...in this counter)
What next.... ?
Have marked important price action levels...
Follow for more updates....
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ADANIENT 15M (24 MARCH 2023)NSE:ADANIENT
Formation of triangle pattern in adani enterprises
wait for retracement in buying side.
its mandatory to be careful about fake breakout .
All important levels are drawn in the chart.Work with risk reward ratio. not taking a trade is also a trade.
A trade cant change anything keep in your mind,if you think one trade can change your life then you are doing gambling in the market.take calculated risk.
this is only for educational purpose. before taking trade take advice from your financial advisor.
ADANIENTWe are not SEBI-registered research analysts or investment advisers. All stocks & information given are for educational purposes only. Please consult with your financial advisor before taking the trade based on our views.
ADANIENT buy abv 1950 stop loss 1910 longterm target 2130*2320*2510*2720*2930*3355