Adani Enterprises: Few warning signs
A widening wedge in an uptrend is a problem in itself. Add to that the ingredient of RSI which is forming lower highs. Price action is forming higher highs. This divergence is a warning sign for a down fall.
Don't get me wrong, the trend is bullish but you need to be cautious with these signs.
Fresh entry to be considere in 1200-1300 range. Target 1700. Stoploss 1000
Don't get me wrong, the trend is bullish but you need to be cautious with these signs.
Fresh entry to be considere in 1200-1300 range. Target 1700. Stoploss 1000
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