ADANI ENT FLAG BREAKOUT ON CARDS
SUMMARY
*stock after major break of 1900 went on to make a new lifetime high of 2400+
*stock recently after results corrected till levels of 1900 the breakout zone
*and now is back to continue its bull run
*bullish flag is a continuation pattern
*if holds through then adani ent is moving towards a new all time high
TRADE SETUP
*safe trades can enter when stock closes above 2250 on closing basis
*since there are two patterns visible
*2250 and above is safe to enter
*2140 below 2150 will be our buffer stop
*target on the upside initial is 2390 for short-term
*once we cross and close above 2400 we will raise target towards 2500
*and according to extension of pattern a move towards 2600-2700 cannot be ruled out
TO BE UPTO DATE
-check the signature box below
-for live updates
*channel view shared early and updated
DISCLAIMER
*my views are not trade recommendation
*please consult your financial advisor
*do not over trade
*manage risk and manage risk appetite
*stock after major break of 1900 went on to make a new lifetime high of 2400+
*stock recently after results corrected till levels of 1900 the breakout zone
*and now is back to continue its bull run
*bullish flag is a continuation pattern
*if holds through then adani ent is moving towards a new all time high
TRADE SETUP
*safe trades can enter when stock closes above 2250 on closing basis
*since there are two patterns visible
*2250 and above is safe to enter
*2140 below 2150 will be our buffer stop
*target on the upside initial is 2390 for short-term
*once we cross and close above 2400 we will raise target towards 2500
*and according to extension of pattern a move towards 2600-2700 cannot be ruled out
TO BE UPTO DATE
-check the signature box below
-for live updates
*channel view shared early and updated
DISCLAIMER
*my views are not trade recommendation
*please consult your financial advisor
*do not over trade
*manage risk and manage risk appetite
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.