ADANIENT trade ideas
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
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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.
Updated AdaniEnt Chart - Target Hit to the dot!! Last week, the view on Adanient was short since the stock couldn't break out of the resistance and it had to move back to support from where it can try again move up.
Further since the view on index was also bearish, the trade was executed with confidence.
On Friday, the stock hit our target of 1640 to the dot and then retraced a little.
From here on, we can expect a slow upward movement and this time possibly a break out also from the resistance zone. However, it is a risky trade since index is bearish and we are nearing holidays which will cause low volumes in market.
Targets for long position are:
1690
1719
1764
SL at 1600
*only for educational purposes*
ADANI ENTERPRISES - BREAKOUTAdani Enterprises trying to breakout out of the consolidation phase. If the next two candles are green, expect major upwards momentum. If it fails breakout, it will come back in consolidation rectangle again. Adani gas is also trying to breakout highs, but getting rejected in last 2 days.
Catch adani at swing high! The stock is consistently respecting the trendline resistance and support zone and is making swings between the two. Yesterday it tried to break the resistance but failed. Today, along with the Index, it made a strong bearish candle. Expecting 1620 levels soon.
Decent trade with a 1:1.5 RR.
Check the chart for entry, SL and targets.
ADANIENT-Swing-Long-WatchlistAlways Preserve your capital and control your emotions.
All the best for the following trade
Buy-above 1760
S.L-1660
Target-2000
Term: Positional
Buy after breaking the crucial resistance line. Indicators Looking good.
If you like my analysis. Show your support by sharing a small % of your profit to dgandluru@okicici
Trades are only assumptions. You might go right/wrong. To prevent the loss of huge capital, set Hard stop loss. Preserve capital at all costs.
Educational purpose only.
Adani Enterprises : Rectangle PatternAdani Enterprises Daily chart
- Trading in the Rectangle Pattern
- Near BO
- Wait for BO & retest
- Trade possible on both side
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Chart of the week. Adani Enterprise. (13/11/21)After 30% correction and consolidating for weeks, Adani Enterprise has given a up flag breakout on its weekly charts. The chart structure is extremely positive and one may hold it with a long term view for aggressive targets.
CMP - 1705 W.
Target - 2031 (MEDIUM TERM) 2900 (LONG TERM)
SL - 1470 W.
VIEW - MEDIUM TO LONG TERM.