Adani ent good short candidateAdani ent cmp 293
Ascending wedge pattern
Gann fann resistance , confluence at same zone
Good to go short in range 300 to 320
View gets violated above 330 levels on closing basis
Down side 255-240-221 levels possible.
Rsi indicator overbought and around historical resistance levels.
ADANIENT trade ideas
Rocket Deal #3Rocket Deal is a series of high probability breakout ideas with time horizon of 2-3 weeks with 10-15% targets . Most of the time you will see the breakouts within 2 days. This maybe useful for swing traders.
NSE:ADANIENT in the consolidation zone. Stock will breakout soon. Risk Reward calculation is mentioned in the chart.
Assumption : Every trade idea begin with 100 bucks , Risk Reward statistics shows how much you may earn/loose when target/stop hits. Never stick to loosing trade.
Adani Enterprises ADANIENT ready for another voilent move Adani Enterprises has formed Inside bar for the third consecutive day with ever decreasing candlesize & volumes.
Ideal Entry on long side should be beyond 322 lvls but since Master candle is quite big, long trade can be initiated while script crosses round psychological figure of 300 with a Stoploss of the last low 285.