ADANI ENTERPRISE TRADE SET UP

Sep 2Adani Enterprise Stock price has been consolidating in a range 2700 - 3450. Stock can be seen forming a Symmetrical Triangle Pattern. Breakout on either side can give the targets for the said pattern. 3500 will be a strong resistance point and 2675-2750 will be a strong support zone for trend reversal. Weekly RSI being around 46 signals lower momentum and some pending downside. The zone of 2675-2750 would be a good level to accumulate the stock with a SL of 2450.