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Adanientshort

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..
NSE:ADANIENT
by IIT-Trader
1
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
NSE:ADANIENT
by IIT-Trader
2
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.
NSE:ADANIENT
by IIT-Trader
ADANIENT SHORTAdani enterprises after breaking the support zone is going for the re-test. Good to enter after 1 red candle from the above level (3850). Target :- 3200 Stoploss :- 4000 Good risk to reward ratio, but only enter once it reverses from the above zone. Trade safe. Manage risk. Be profitable. Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries. Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
NSE:ADANIENTShort
by simple_trader2022
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 If you find this technical analysis useful, please like & share our ideas with the community. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! 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.
NSE:ADANIENTShort
by maxprofwizard
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.
NSE:ADANIENTShort
by Kru-KB
1