It was observed on the hourly chart that ADANI ENT was trading between a very narrow range (131-133) that means it's time for a breakout. Starting tomorrow (or the day after), we may see some upside because the bears could not manage to bring the price down after the long green candle on 6 Jun. Target: 240 (2-3 days) SL @ 128
It is been observed on the daily chart that the price action is forming lower highs and lower lows indicating further weakness ahead. Target 1: 330 Target 2: 320 Stoploss: 350
It is been observed on the hourly chart that the price action is trending up by forming higher highs and higher lows. Now, it shall further move up from current levels if the trend sustains. Target 1: 34.50 Target 2: 35.50 Stoploss: 32.50
It is been observed on a weekly chart that there is a red candlestick breaking out from it. It indicates weakness and a high selling pressure. It shall confirmed a breakout as it closes below 26 price level and now it may further go down to 23.50 levels initially and then 20 levels. Target 1: 23.40 Target 2: 20.50 Stoploss: 28
It is been observed that the price action breaks out from the downward trendline on daily chart and now it shall further move up to reach higher price levels. Target: 72.5 Stoploss: 69
The price action on weekly chart indicates a consolidation between 26-36 price levels (10 points range) where currently the stock is trading at the lower side of range. This week closing shall decide further direction in price movement. Keep it in your watch list to gain best out of it on time. I would also appreciate any feedback on it to bring clarity to our...