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
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
ADANIENT | Expecting Strong Downtrend.When it comes ADANIENT , I'm expecting a strong downtrend. Right now Price is staying near a supply Zone and we've seen multiple rejections from that area. You may short the stock when price pulls back. And don't forget to place the stop above the supply zone
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Updated AdaniEnt Chart - Target Hit to the dot!! Last week, the view on Adanient was short since the stock couldn't break out of the resistance and it had to move back to support from where it can try again move up.
Further since the view on index was also bearish, the trade was executed with confidence.
On Friday, the stock hit our target of 1640 to the dot and then retraced a little.
From here on, we can expect a slow upward movement and this time possibly a break out also from the resistance zone. However, it is a risky trade since index is bearish and we are nearing holidays which will cause low volumes in market.
Targets for long position are:
1690
1719
1764
SL at 1600
*only for educational purposes*