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ADANI/INR ( Still Big Dump Expecting as per Technical AnalysisTechnical Analysis of ADANIENT/INR: ADANIENT is currently trading at ₹1615, which has seen almost a 20% rise within 2 days after a significant fall of 75% within 3 months. Many retailers attribute this fall to the Hindenburg Report, but I believe that the retailers may be wrong. The decline began in December 2022, and a strong reversal pattern formed at the top. Therefore, smart players had already exited by the end of December and January. The Hindenburg Report came on 24th January, by which time ADANIENT had already given a strong reversal pattern. Therefore, I believe that this news might have been pre-planned. It is essential to be smart and trade smartly in such situations. As per the chart, the downtrend of ADANIENT is still ongoing, but I believe that it may test the ₹2364 level again, which is around a 50% rise from the current price. However, after retesting resistance, another dump is expected. The major support level is ₹1360, and if any HTF candle closes below it, then another significant drop is expected. If the support level of ₹1360 is broken, then we may see ADANIENT at the ₹500-₹700 level. The Fib retracement support is also around those points. 0.5 FIB = ₹704, 0.618 FIB = 460. Long-term support TrendLine is also near the FIB Retracement levels. It is essential to note that this process takes time, unlike Crypto, and it may take around 2-3 years in my opinion. If ADANIENT breaks the price level of ₹3011, then the bearish sentiment will end. My Key Levels: Support: ₹1360/$704 Resistance: ₹2364 Please support me by Liking, Sharing, and appreciating my analysis and content. Follow me for the latest real-time updates. Thank you.
NSE:ADANIENTShort
by CryptoPatel
5
BOSCH - NSE - INDIACompany website- www.bosch.in Founded in 1886, into multinational engineering electronics, presence is over 60 countries worldwide. Major product line- Automotive Aftermarket parts ( battery, spark plugs, wipers, brakes, clutch plates etc ) and smart mobility ( autonomous and Iot enabled ) Household appliances- fridge, dishwashers, washing machines, microwaves etc Powertools, software, engineering etc - Huge diversity of business. Invested into the blockchain for future growth. Financials- Assets worth 9000cr, zero debt, high brand value, fv 10- becomes a candidate for split/ bonus ____________________________________________________________________________________ Inverted head and shoulder pattern = classic reversal A strong buy.
NSE:BOSCHLTDLong
by EVOQUE5000
6
How Divergence was giving Adequate Warning - Adani EnterpriseDivergence has been very successful in Indicating a reversal well in advance. Of course, not all the indicated divergences resulted in successful price reversal. But Divergence on larger timeframe means at least be cautious !! Most of the traders who trade divergence combine multiple indicators for confirmation, which is fine. But in my opinion never trade against a divergence, specially if it happened in a bigger timeframe/larger timeframe. Which indicators can be used for divergence ? Most of the divergence indicators are based on oscillators and the idea is to find divergence between price movement in the chart vs the oscillator. Following are examples of some indicators which can be used to determine divergence: RSI MACD Stochastic/Stochastic RSI OBV CCI Aroon Willian %R (Please let us know which indicator do you use for divergence, if it's not in the list) My indicators are mostly based on RSI and MACD and no one needs any fancy indicators to determine divergence. Examples of Some Divergences ADANI GROUPS Adani Ent (specifically) was showing an extreme divergence on daily chart recently, even much before all these controversy was on!! Please look at all the three oscillators in comparison to price chart. There were enough divergence to stay away from all the longs. Now, switch on to weekly for Adani !!!!! (The red color change in the first divergence indicatot is noting but RSI overbought zone) Now, tell me, wasn't there an like never before weekly divergence??? Adani was all set to burst since 19 Dec 2022 weekly candle. NIFTY CHART - (DAILY )- BULLISH & BEARISH IN ONE CHART Please have a look into this - The first divergence is bullish and second one is bearish !! How beautifully captured. Now you ask, can a price reversal happen without divergences?? The answer is yes. But I would say, if there is a divergence, most likely price would move in favour or at least, if doubtful stay away !!! The irony and the most wonderful thing about divergence, that people don't understand that, these divergences can be traded for a great risk reward ratio !!!
NSE:ADANIENTEducation
by KachraStocks
2