ADANI ENTERPRISES LTD

Short

ADANIENT Short trade with multiple reasons

Updated

ADANIENT made a parabolic up move since March 2022 and formed two Bearish Harami patterns at the top and today price sustaining below the mother's low(2325,2301) of both the patterns. Also the channel has been breached. This makes it a high probability short setup around 2325-2301 zone with stop loss of 2425 for target of 2201, 2101. Look for retracements to enter short trade.

Note

First target of 2201 achieved

Trade closed: target reached

Second target of 2101 achieved

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