Adani - A technical perspective

Hi all, hope you are trading well. It’s been a long time since I last posted. Apologies for that. 🙏

With all the buzz floating around Adani and let's see the charts from a technical perspective using supply demand, market structure, and basic S/R. Please note that I am not a fundamental analyst and hence not concerned with the underlying working structure of the company.

We are going to see all the Adani companies along with the custom simple weighted chart of the Adani group.

- Adani simple weighted index (excluding AWL for more data)
- Adani simple weighted index (including AWL)
- Adani Enterprises ( ADANIENT )
- Adani Ports ( ADANIPORTS )
- Adani Green ( ADANIGREEN )
- Adani Power ( ADANIPOWER )
- Adani Transmission ( ADANIENSOL )
- Adani Gas ( ATGL )
- Adani Wilmar ( AWL )

Let's get started!

🚨 Adani simple weighted index (excluding AWL)

- Plenty of demand zones on the downside
- Internal structure has shifted
- Structural low is still intact
- HTF structure is bullish

🚨 Adani simple weighted index (including AWL)

- Less data due to AWL
- Structural low is intact
- Approaching demand zone
- HTF is bullish

🚨 Adani Enterprises

- Former daily demand zone should now act as a supply
- Weekly demand zone at ~2000-2400
- Reaction from the demand zone will show the intent of long-term buyers

🚨 Adani Ports

- Distribution cycle complete
- Range low will act as a supply
- Tapped into the weekly demand zone
- Need to wait for the structure to develop on the daily time frame
- Flip zone at 400-430

🚨 Adani Green

- Strong supply formed near 1800-2100
- Approaching weekly demand zone
- Monthly demand zone at 900-1050

🚨 Adani Power

- Sitting in the weekly demand zone but most likely it will breakdown
- Previous swing level near 166 can also act as support
- Next important demand zone at 110-140

🚨 Adani Transmission

- Structural low intact
- Tapped into the weekly demand zone
- Important flip zone near 1460-1650

🚨 Adani Total Gas

- Forming Wyckoff distribution schematic on daily
- Most likely it will approach the weekly demand zone soon
- Flip zone near 1460-1700

🚨 Adani Wilmar

- Hovering near daily demand zone + swing level
- Any lower move can trigger a sell-off to the weekly demand zone

Thanks for reading. I hope you found this helpful! 😊

Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.

Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView

Comment:

Disclaimer: I forgot to add this in the main post.

I do not own any Adani stocks. Hence, I don't care where the price goes. My analysis is solely based on the technical concepts that I use.

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Linking all the Adani analysis' to this post. ⚡

Adani Enterprises:

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Adani Ports:

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Adani Green:

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Adani Power:

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Adani Transmission:

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Adani Total Gas:

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Adani Wilmar: