ADANIENT
ADANI ENTERPRISES STAGES!!BLUE CIRCLE: is the consolidated market after the nifty 50 gave its bull run recently after June 20th.
ORANGE CIRCLE: is the buying and selling, basically the manipulation of stocks for the short period.
RED CIRCLE: and now the current stage, where the stock is forming A HIGHER LOWS PATTERN, chance to give a breakout.
PURPLE LINE: is a support.
Pullback View for ADANIENTI am expecting pullback on NSE:ADANIENT
Best entry level is 3179 with strict stop loss of 3105. Can hold Adani Enterprises for two targets which is 3293 & 3401. If price sustain above 3401. It will take more upper side move.
Note: This is my personal analysis, only for learning.
Thanks.
ADANIENT - Price Action Analysis NSE:ADANIENT has reached out its fuel.
Every up move the volume is getting down and the size of the candle is getting smaller even after broke the all time high , still the momentum is getting lost.
What I believe the up move sustains till 2560 and then after you will see a good correction.
Still this stock is not believed in any technical analysis but those who have can booked their profit.
Adani Enterprise trade ideaOn daily timeframe there is impulse towards downside after impulse we expect price to retrace and break atleast Fibonacci 0.382 level.
Looking at 4H chart we can see price retraced successfully towards Fibonacci 0.382 and EMA 10 is below EMA 20 and MACD also indicated bearish moment
Everyday with one Equity Intraday Profitable Idea:-AdanientADANIENT sell below 2096 for the target of 2089,2080,2070, 2050.
Please take trade after candle close below 2096. Suppose it opens below 2096 then your short level would be 2077 for the target of 2070,2060,2050,2045
Reason for short trade:- Daily breakout for the short side.
Everyday with one Equity Intraday Profitable Idea:-ADANIENTADANIENT sell below 2097 as it was given breakout in downside in all timeframes. It may bounce once as it is in an oversold zone. After that, if it breaks 2097, u can sell. else, if it breaks at the opening with volume you can sell.
Target 2090,2085,2070,2065
SL 2112
ADANI ENTERPRISE PRICE ACTION ANALYSISNSE:ADANIENT has been consolidating in a rectangle pattern after a very strong uptrend and broke out of it.
It has also been consolidating in rising wedge pattern within the rectangle pattern from which it hasn't given a breakout out yet.
Considering the bullish nature of stock, it is only a matter of time when it will breakout towards 1900 levels.
Enter at the break of the wedge.
Targets: 2100/2250/2500+
sl: below 1673
Position size accordingly post breakout. HAPPY TRADING!
ADANIENT This stock has given breakout with good intensity of volume and made life time High, waves also suggesting a new impulse to be unfold next, One can go Long with Stop-loss of 1740 & Targets are mentioned in chart.
Breakout with good intensity of volume
Wave Structure could be like this
Macd in daily positive crossover and Uptick
Rsi in daily above 60 uptick
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult your Financial advisor before trading or investing