Adani Enterprises Swing Idea (Long)
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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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.
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.