praveen.bhatiya

Double Bottom / 1-2-3 Reversal pattern

Long
NSE:ADANIENT   ADANI ENTERPRISES
The stock is showing sign of TREND REVERSAL. It has completed the double bottom and 1-2-3 Reversal pattern. One can trade the stock for a target of 146.50. Once can also consider investing the stock for medium term perspective. RSI above 50 is confirming the decision.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

Comments

Nice analysis. Also a bullish divergence can be seen.
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@k314, Thanks for adding one more reason.
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