ADANIENT trade ideas
NETWORK18 is ready to buy for positional trade.Aim for 5-10%. It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 6-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
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ADANI ENTERPRISE PRICE ACTION ANALYSISNSE:ADANIENT has been consolidating in a rectangle pattern after a very strong uptrend and broke out of it.
It has also been consolidating in rising wedge pattern within the rectangle pattern from which it hasn't given a breakout out yet.
Considering the bullish nature of stock, it is only a matter of time when it will breakout towards 1900 levels.
Enter at the break of the wedge.
Targets: 2100/2250/2500+
sl: below 1673
Position size accordingly post breakout. HAPPY TRADING!
ADANIENT This stock has given breakout with good intensity of volume and made life time High, waves also suggesting a new impulse to be unfold next, One can go Long with Stop-loss of 1740 & Targets are mentioned in chart.
Breakout with good intensity of volume
Wave Structure could be like this
Macd in daily positive crossover and Uptick
Rsi in daily above 60 uptick
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult your Financial advisor before trading or investing
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.