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*
ADANIENT
Catch adani at swing high! The stock is consistently respecting the trendline resistance and support zone and is making swings between the two. Yesterday it tried to break the resistance but failed. Today, along with the Index, it made a strong bearish candle. Expecting 1620 levels soon.
Decent trade with a 1:1.5 RR.
Check the chart for entry, SL and targets.
Adani Enterprises : Rectangle PatternAdani Enterprises Daily chart
- Trading in the Rectangle Pattern
- Near BO
- Wait for BO & retest
- Trade possible on both side
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
ADANIENT LONG INTRADAY 5 JUL,2021Dear trader,
If u look at the chart of ADANIENT (analysis based intraday only) the ADANIENT Buy at 1440 and Target at 1465
Best Buy at 1435.
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.
Zeel has Breakdown 15min TF for TOMORROWZeel has Breakdown 15min TF
Nice moment from somedays. But today sideways and closes after breakdown at 15min TF. Downtrending structure with LL LH.
It is a conversion from positive to negative because LL LH formation has started from today.
Area between 227 to 226 has a support but very close to 224.60 nice swing is here.
So here after breakdown of 224.60 we will sell it.
Below 224.60 we can take sell trade. 1st Target 222 & 2nd Target 219
ADANIENT SHORT INTRADAY 7 JUN,2021Dear trader,
If u look at the chart of ADANIENT (analysis based intraday only) the ADANIENT Sell at 1660 and Target at 1630
Best sell at 1665.
Our Best sell is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best sell level might be executed or might not be executed.
The chart clearly indicates Bearish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.
Adani ENT Possible Short AdaniEnt is in strong uptrend. We have seen almost 30% move last week when it broke out from 1350 towards 1700.
At this point, there are no signs of bearishness on any timeframes. However, I see a harmonic pattern and I am explaining it below. Pl note that this is a monthly chart on the log scale.
Harmonic inherently does not support log scale therefore we have to manually project X-A, ABC Leg and B to C leg and look for major FIB Levels. FIB retracement and Trend based FIB extension tool on trading view supports FIB levels based on the log scale. I have mentioned levels in the chart only and therefore I am not repeating it here.
Additionally, I have used pitchfork took. Pitchfork is used to project long term price cycles based on the trendlines drawn from FIB levels and identify swings. There are variations of the tool namely standard pitchfork (aka Andrew Pitchfork), modified pitchfork etc. For this, I have used standard pitchfork tool. Explaining the pitchfork in the idea not recommended but you can find relevant materials on Investopedia and YouTube. Pl see that 0.618 FIB line on the pitchfork acts as a resistance. I am not using it regularly but I do know about its usefulness and limitations.
Again these are all possible zones from where we can see swing high formation and should see a correction but that does not mean we short it immediately. Let Price action show a bearishness with RSI weakness. negative divergence or some sort of bearish candlestick patterns. We will need to carefully wait and see how price structure develops from here and take a call accordingly. But Again, these are just possible zones from where market may reverse but nothing guaranteed.
#ADANITRANS $ADANITRANS Watch for breakdown SELL Recommended#ADANITRANS
CMP: 1439.80
SHORT
Target 1167
NSE:ADANITRANS
Head and Shoulder Pattern
IMPULSE RETEST
Bearish Move
Break down
Peers: ALL SHORTING
NSE:ADANIENT
NSE:ADANITRANS
NSE:ATGL
If you like my work, KINDLY LIKE, SHARE, & FOLLOW THIS PAGE for the latest stock recommendations for free.
Super bearish on this stock!
From Rachit Sethia with 💚
#ADANIENT $ADANIENT Watch for breakdown SHORT / SELL 1170 target#ADANIENT
CMP: 1325.80
SHORT
Target 1170
NSE:ADANIENT
Head and Shoulder Pattern
Bearish Move
Break down
Peers: ALL SHORTING
NSE:ADANIENT
NSE:ADANITRANS
NSE:ATGL
If you like my work, KINDLY LIKE, SHARE, & FOLLOW THIS PAGE for the latest stock recommendations for free.
Super bearish on this stock!
From Rachit Sethia with 💚