Adanienterprises
ADANIENT--@Trendline Retest??ADANIENT::
this stock is recently broken the trendline....
to confirm clear short side wait for the price to break the support and retest of the support.
on topside if price continues by breaking the resistance at 3280, it will reach next resistance at 3380, then look for sell here, find short opportunities in this stock...end of bullishness.
ADANIENT: Rocket Move Towards All-Time Highs?🚀📈Title: "ADANIENT: Anticipating a Rocket Move Towards All-Time Highs, Eyes Set on 6100 INR in the Next 4 Years! 🚀📈"
Description:
Embark on an exciting journey with ADANIENT as we anticipate a rocket move propelling the stock towards all-time highs. NEOALGO's analysis suggests a potential surge, with a bold outlook projecting a target of 6100 INR over the next four years. Our optimism stems from the formation of strong order blocks, indicating a robust upward trajectory.
This is our personal view, envisioning golden days ahead for Adani. The anticipation of a substantial upmove is underpinned by the promising order blocks, shaping a positive narrative.
Keep in mind, NEOALGO is not SEBI registered, and investors should conduct thorough research. Decisions made directly impact potential profit or loss.
Embrace the excitement, explore the potential of ADANIENT, and consider the optimistic future detailed in our analysis. 🌟📊 #ADANIENT #RocketMove #GoldenDaysAhead #OptimisticOutlook
Adani Enterprises is at major support.The most infamous stock in the Indian stock market in recent times- Adani Enterprises, has reached a very crucial support area and is probably attempting a bounce from here.
The chart is based on very simple concepts of Support/Resistance, Horizontal consolidation areas(HCR's) and trend lines. Nothing too complicated here, the entry too is pretty straight forward.
For a short term trade ,enter on trend line break confirmation and aim the HCR lower boundary for target.
The low at 2142 is crucial reversal point as of now and will act as a SL.
One important thing to note in this chart is the lack of volume confirmation for the past 2 months fall. What does a fall without volume confirmation mean? Is it bullish or bearish?
keep an eye on the stock and you will find for yourselves(:P).
CMP 2196
SL 2140
Target 1 - 2370
Target 2 - 2600
ADANIENT--@Trendline Break??this stock is trending downwards..
now the price is at support zone...
keep in short as long as price breaks this trendline...
if it failed to break the trendline it will continue its fall...
keep safe before short...
On bottom side we have a demand zone lies at 1900 levels...
look for buy ,if price comes back to the support.
on topside we have a strong resistance area at 2500...
if price breaks the this trendline and retest then chances are more to test the resistance again..
The Adani SagaAdani Enterprises (ADANIENT) has shown good recovery and has been in long consolidation since its last burst in May 2023 when Supreme Court granted SEBI Time for investigation.
It has taken a strong support at 2370 -2400 and today it has made a doji right at its support to suggest a reversal. While it is waiting for the next date in Supreme Court, there is an opportunity to enter at CMP as it offers a low risk opportunity.
Keeping 1 ATR as SL, it Is good to go long on Adani enterprises regardless of outside noise. Expecting a very big move soon coming out of a 4 month narrow consolidation phase after the Supreme Court hearing.
Not keeping any targets in this trade because this stock would move big and fast . I would prefer to keep moving my TSL up if my view turns out right.
ADANIENT--Breakout or Breakdown??I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
If price breaks the resistance, we have a chance of filling the bearish gap, soo keep in buyside until it touches the zone of resistance and bearish gap.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support
ADANI ENT SHORT FOR 3:1
Price has reaced to a Monthly Supply @ 2665.00
It has to come into Monthly Demand @ 1944.00
After reacting to a Monthly Supply Price has formed a Weekly Supply which should drive the Price till the Monthly Demand
The Reward to Risk Ratio is slightly more than 3:1
Hence Short
Enjoy the Ride !!!
ADANIENT Analysisobservations::
price is trading in a range and price broken down strongly....
price again reached the same zone...
now price is near to the resistance...
it is approaching the resistance again with strong consolidation...
which also a sign of bearishness...
on bottom side we have strong support...with demand zone...
ADANIENT Buying Setup 02.07.2023As per my analysis, NSE:ADANIENT has given a pullback which could be best opportunity for buyer to go long. My best level to buy is 2384 with stop loss of 2270 (-114 points risk) capacity. Expecting upper side target of 2594 (+210). Almost 1:2 Risk/Reward.
Note. This is my personal analysis, only to learn stock market behavior. Thanks.
ADANIENT--Bullish or Bearish??Observations::
Drop base drop is observed
now stock price @ base, but no sign of bearishness...
after showing bearish again consolidation...
may again goes bullish or reversal we have to wait for confirmation.
If base acts as resistance price again falls.
we have demand zone @ bottom price will test that zone but not immediately...slow process is going to observe. keep an alert @ demand then go for long.
after strong breakout, price again ranging may again continue its bullishness....
so don't go for short without any proper confirmation.
if again showing bullishness, we wait if price again breaks 3075 level, and not able to sustain above then look for sell.
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.
NIFTY 50 Elliott Wave Analysis Hourly chartNIFTY-50 INDEX
If we closely observe the counts from 15194 low point it is not looking like an impulsive move. The nifty has been in the corrective move so far. The correction is so irregular the laymen cant understand what is happening right now in Nifty. Thanks to Elliott wave theory we can read fine prints of the candlestick printed by the market make. The moves are in 3 wave structures and every move has double correction. The last move under the channel is looking like an WXYXZ correction. All the levels are marked what could I understand from the NIFTY 50, Chart.
Thank for your love.
ADANITRANS: LONG TERM FOR 237%HELLO TRADERS!
This is my technical view as I'm a technical guy and don't follow funda.
As per my analysis this is a good level for entry as shown in the chart with the LONG POSITION TOOL. The price should correct little more upto 900 level. So one should create position with 25% of of his planned investment here. And rest in 3 parts with 25% each time it falls.
The 1st target should be the top for 234%
The 2nd target is much higher and huge which I'll post further.
👉For detailed analysis please refer to the videos I post.