ADANIENT Analysisobservations::
price is trading in a range and price broken down strongly....
price again reached the same zone...
now price is near to the resistance...
it is approaching the resistance again with strong consolidation...
which also a sign of bearishness...
on bottom side we have strong support...with demand zone...
ADANIENT trade ideas
ADANIENT Buying Setup 02.07.2023As per my analysis, NSE:ADANIENT has given a pullback which could be best opportunity for buyer to go long. My best level to buy is 2384 with stop loss of 2270 (-114 points risk) capacity. Expecting upper side target of 2594 (+210). Almost 1:2 Risk/Reward.
Note. This is my personal analysis, only to learn stock market behavior. Thanks.
Rs 3000 Coming, Its just a matter of time The price started to build order in tight consolidation and then took the sellside and did a manipulation move till mitigation block wick and then showed sponsorship now the OB has been created and the buyside is the only target that algorithm can see which lies at 2762.25 at 23 May High and then if it closes above we can see movement till 3068 for more upside liq
ADANIENT--Bullish or Bearish??Observations::
Drop base drop is observed
now stock price @ base, but no sign of bearishness...
after showing bearish again consolidation...
may again goes bullish or reversal we have to wait for confirmation.
If base acts as resistance price again falls.
we have demand zone @ bottom price will test that zone but not immediately...slow process is going to observe. keep an alert @ demand then go for long.
after strong breakout, price again ranging may again continue its bullishness....
so don't go for short without any proper confirmation.
if again showing bullishness, we wait if price again breaks 3075 level, and not able to sustain above then look for sell.
ADANIENT-- Rise or fall ??Observations::
-------->> the stock is trending upwards.
-------->> now price is at the zone where a strong sell off happens previously, may price again fall from this zone.
-------->> careful at this zone before going long.
--------->> we have a trendline support as well. keep track this level for further movement in the stock.
Note::
Keep on sell side from this zone. A strong sell off is going to observe.