Averoy_Apoorv_Analysis

Concept of Soft,Hard Landing feat Adani Enterprises

Long
NSE:ADANIENT   ADANI ENTERPRISES
1 ) Monthly Time frame story: This story tells us about the fibo retracement
- From the start of the journey of its price action till date, it has given a solid return
- Retracement was always pending in this stock. There can be two types - soft and hard landing type retracement

2) Stock has retraced almost 50-60% of its total lifetime move - Only Issue is Daily time hard landing retracement

Soft Landing
- Stock moving with a zig-zag type formation, that is, making lower lows with lower highs, taking time to reach 50-60% retracement levels, is what we call a soft landing in this contraction cycle of stocks.

Hard Landing
- Stock falling directly with big 20-30% falling bars in a single day and continuing this next day with increasing volumes tells the story of a hard landing, meaning no new
positions are made in between, and only selling side pressure increases without any backing from bulls at all.

3) Execution: The plan here can be that after Hard landing like in the case of Adani stocks, we need to be patient and mark important levels
- Here I have made on the daily time frame 2 patterns - Triangle and W bottom, many other fomrations can be there ( it should be a bullish pattern at this stage, that's all )
A breakout of out it can be played with a small investment amount ( This is not an advice, so consult your fin advisor or take decision on your own trading style )

Good luck

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