Trade Setup: Long-Term Swing Trade
Risk-Reward Analysis:
Trade Rationale:
- Entry Price: ₹2,250
- Stop Loss: ₹2,100 (approx. 6.67% downside)
- Target 1 (T1): ₹2,500 (approx. 11.1% upside)
- Target 2 (T2): ₹2,700 (approx. 20% upside)
Risk-Reward Analysis:
- Risk (Entry to SL): ₹150
- Reward (Entry to T1): ₹250 (1.67 R:R)
- Reward (Entry to T2): ₹450 (3 R:R)
Trade Rationale:
- Technical Perspective: If the stock has strong support around ₹2,200–₹2,250 and a positive trend, it could provide a good entry.
- Fundamental Outlook: Adani Enterprises is a high-beta stock; ensure it aligns with the broader market trend.
- Volume & Momentum: Watch for increasing volumes and price action above key moving averages for confirmation.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.