Adani Enterprise is looking bullish for a positional trade. Above 305 price can move with momentum. Confirmation can a bullish upthrust candle which breaks out of the larger range or above 305, with volumes>100 DMA volumes. The overall structure inside the range is bullish and the explanation for that is given on the chart. Any queries or criticism are welcome!
I am not a SEBI registered investment advisor and hence do not follow my analysis blindly. Be aware of what you are trading and the risk associated with it. Stock market is risky and you can lose a lot of your capital. Be wise and trade carefully! Grateful!🙏
Trade active
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Trade has just been triggered. Strong bullish upthrust with volume expansion is visible. Close above 305 on daily chart is a strong probability
Comment
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More than 5% move today itself. Structure is still looking strong.