Adani Enterprise - Symmetrical Triangle Breakout Opportunity

Date: 21-Aug-2023
Rating: Buy
LTP: Rs. 2639.75
Target: Rs. 2760-->3110-->3880
SL: 2420
Exit Plan: Follow the 7/13/26 DEMA cross down on closing price basis.

ADANIENT has given a break out from a symmetrical pattern that has been formed during last few sessions. This break out has been supported by the increase volume, MACD cross over and RSI is showing strength. Expecting it to move up from here on.

Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.

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