rahul93bhagat

ADANIENTERPRISES end of fantastic run? Head & shoulders on daily

Short
NSE:ADANIENT   ADANI ENTERPRISES
It looks like the crazy rally in ADANI stocks is coming to a good halt. With bearish structures in almost all Adani counters this one is no different. Below the break of 3100 decisively I would expect it to reach 2900 in quick sucession. But as this stock is F&O intensive, expect some fake upmoves and downmoves. But overall it looks ready to slide. But hey, I can be wrong, and it isnt the worlds best Head and shoulders! ADANIENT

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.