[Positional] Adanient Buy IdeaDon't buy unless it triggers.
Here’s a basic analysis based on the candlestick chart:
The stock has been in a downtrend as indicated by the series of red (down) candles.
There appears to be a sharp decline in the most recent periods without signs of reversal.
The lack of green (up) candles indicates sustained selling pressure.
Given the apparent downtrend without immediate signs of recovery, it is currently a sell trade.
ADANIENT trade ideas
The Adani SagaAdani Enterprises (ADANIENT) has shown good recovery and has been in long consolidation since its last burst in May 2023 when Supreme Court granted SEBI Time for investigation.
It has taken a strong support at 2370 -2400 and today it has made a doji right at its support to suggest a reversal. While it is waiting for the next date in Supreme Court, there is an opportunity to enter at CMP as it offers a low risk opportunity.
Keeping 1 ATR as SL, it Is good to go long on Adani enterprises regardless of outside noise. Expecting a very big move soon coming out of a 4 month narrow consolidation phase after the Supreme Court hearing.
Not keeping any targets in this trade because this stock would move big and fast . I would prefer to keep moving my TSL up if my view turns out right.
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
Adani enterprises upside started we took 100+ points on downsideOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Adani enterprises looking weak 2440 For all trade on my Auto Harmonic patterns indicator trade setup -
Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail our SL if trailing SL hit exit from long trade and initiate sell trade ,
[Turtle] Sell Adanient ATM Put OptionsSell Adanient 2500PE at 121.00
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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Adanient Simple Trend AnalysisThere is a lot of Bad News in the market for the Adani Group of Stocks.
NSE:ADANIENT in the past has fallen sharply. They said it was because of bad news but Price Action Traders did predict this downfall before it happened. Because at that time it was too expensive to buy, i.e., called an Over-Bought condition. And this condition triggers a big fall.
After the big fall happens, the Stock immediately becomes over-sold. And the price starts moving up again. That is exactly what happened in NSE:ADANIENT also.
Currently, the price of this stock is trapped and moving sideways between two Trap Zones. A Cup and Handle pattern is also visible in this chart which should take the price up and break the Resistance to confirm the Up-Trend.
There are two ways to trade this kind of setup:
1. Start Buying in Tranches on every Dip and Hold
2. Buy after the Resistance is taken out and the Up-Trend is Confirmed.
The expectation is it will achieve 4190 again.
Disclaimer: Stock trading is inherently risky and you agree to assume complete and full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital or even provision of additional margin in futures trading. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit, and employees are for information purposes only and under no circumstances should be used for actual trading.
ADANIENT--@ Trendline??A strong fall is detected, continuously from last few sessions...
Now it is near to its trendline...and a strong rise is observed previously...
if price breaks and retest look for sell...
we have a strong rally base rally is observed at 2330-2280 levels may push the price upwards..
keep look at these levels...
ADANI ENTERPRISES - NSE INDIAN STOCKAdani crashed close to 80 % from its peak before it bounce. 1st bounce is impulsive, which generally considered as fake bounce. The geniality of the bounce will will be tested with series of whipsaw movements which we are presently witnessing in this script.
Also in this script we have seen GAP's. GAPS are generally get filled but not necessary, confirmation GAPS take long time to get filled, some time it doesn't fill also. NOTE - A fundamentally robust company GAP's get filled but not all GAP's.
This script is very interesting. one observation is for sure that, after 1st bounce it will come down, Here in this case also, after 1st bounce expecting to comes down and the down target is around 1600 levels.
ADANI ENT SHORT FOR 3:1
Price has reaced to a Monthly Supply @ 2665.00
It has to come into Monthly Demand @ 1944.00
After reacting to a Monthly Supply Price has formed a Weekly Supply which should drive the Price till the Monthly Demand
The Reward to Risk Ratio is slightly more than 3:1
Hence Short
Enjoy the Ride !!!