Adani Enterprises Swing Idea (Long)
Updated
Adani has been accumulating for last 3 months expect it to move the advancing stage in upcoming weeks due to following reasons:
1) Double Bottom/W pattern Formation
2) Swing low are retested, Trendline are broken
3) Consolidation over last 3 months
4)Trading above 20,50 & 200 EMA on daily chart & weekly chart
5) Also a parallel channel break out
6) If switch to candle chart, there is pending exhaustion gap pending to
covered.
(Note: I am neither responsible for anyone's profit or loss nor I'm a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
1) Double Bottom/W pattern Formation
2) Swing low are retested, Trendline are broken
3) Consolidation over last 3 months
4)Trading above 20,50 & 200 EMA on daily chart & weekly chart
5) Also a parallel channel break out
6) If switch to candle chart, there is pending exhaustion gap pending to
covered.
(Note: I am neither responsible for anyone's profit or loss nor I'm a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
Trade active
Trendline has been broken. Trading above 20,50 & 200 EMA on daily & weekly chart
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