Adanienterprises
Demand May Be Exhausted in Adani Enterprises (ADANIENT)NSE:ADANIENT
Adani enterprises on daily chart indicating exhaustion of demand.
As prices moving higher price ranges are getting shorter and volume is increasing. This may be a indication of less demand and supply on the verge of overtaking whatever demand left in this counter.
Swing and short term trader must be cautious now any closing below 1210 may take this counter towards 1050 .
This view will become invalid if we see good strong closing above 1350.
Thank!!!!!
|| Hari Om ||
ADANI ENTER PRISES HAS BEST INTRADAY SETUP FOR FRIDAY 23OCT 2020Adani Enter Prisis has come up with best intraday setup for friday 23 octobar 2020 look at the set up it has been in a cansolidation manner from last two days and it high time it is just ready to blast and give a great return on your investment in intraday. NSE:ADANIENT
adani enter prisis is good stock belonging to adani group having a good amount of liquidity so there will be no problem of any liquidation in the stock.
you can trade this when you get a confirmation on break out of the traingle pattern formed and keep your stop loss according to your risk management and also once confirm with your financial advisor. if you know how to trade on a break out then its good if you don't know then read more.
adani enter prisis which moving in a range if breaks its upside resistance level I mean to say then you have to wait for candle to close above that level and once it is done you can buy the stock and keep you sl below the candle which has closed above the resistance level or you can keep your sl below the support level it will be much safer.
if the stock breaks the range down side then you just have to ignore the trade because there is a basic rule that buy low and sell high and sell high and buy low. if we trade the stock when support level is broke we can not sell it because stock is already at its support level which means already at its low point so we can't sell the stock at low and expect that stock will go more down wards that will be against the trading rule.
Thats it for today guys.
Thankyou, if you are reading this till now.
trade according to the given levels.
Adani Enterprises By simple Support and Restistance ! Hello friends,
How are you doing? If you like my TA then please like it and comment it gives me motivation to work hard
Here we go,
As you can see in the chart at upper-Value Area price is rejected by 2 nd time with strong showing rejection by pinbar that's goods sign of being reversed from this area You can short below arrow line at 146 for Target toward 140-136-130
Thanks