We can appreciate a triangle pattern in the script. Follow the support and resistance trendlines for positional trade.
Fundamentally, the only Adani stock with a PE ratio of less than 30. Good to hold in one's portfolio.
Technically, the stock is good to buy around 660 to 675 levels. I'm bullish with Adani stocks..
Make your analysis and enter the trade. Risk...
1. ovee all bullish sentiment intimation price move
2. life time retreacement level 23.8% good positive
3. up trend chennel price movementum going up
4 . flug pattern inside inverted head and shoulder and minor rising wedge pattern price movement
5.last today just healthy retracement price move not down trend stay again bullish
6. mentioned target...
After a profit booking and consolidation, Adani Enterprise is looking good for swing trade. It also shows a narrow value area which usually suggests a trending session. So look out for it.
Comment down your thoughts.
On , 22-07-2021, It has broken the trendline with good volume and on 23-07-2021 tested that trendline and made a reversal.
But it closed near to the critical rage of 1400.
Good Long/Buy trade will be only above 1440. And good & safe long/buy trade will be only above 1450 level. Target for long/buy trade are mentioned in the chart.
Here is the expected moves of ATGL . ATGL has crashed from top. The stock can take a pause and give a upside movement for a short span of time. Expected Support Zone - 745 -750. Wait for a green candle in this zone. Do not just jump.
Tested crucial level.
BREAKOUT signal in all indicator , may enter wide monthly pivot level , near 200 MA resistance
Will take a good move from here.
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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Let's keep it short and simple we can see flag and pole pattern in this stock can see a bull run in the coming month itself till 1700 level also since Adani is one of the FAV stock of FII and DII so we are not expecting and bearish move as if now in fact the volume has been increased as compared to last time few important levels to look out there is a support zone...
Following up with my previous update, Monday would be very crucial It will definitely fall back to 108 but if there is no pull back, the bearish trend will continue and the price might get caught in the violet zone. Stay put and don't make any foolish moves. Those who have bought at the top please hold and let the price show some trend before we can take any...