Adani Enterprise - Symmetrical Triangle Breakout OpportunityDate : 21-Aug-2023
Rating : Buy
LTP : Rs. 2639.75
Target: Rs. 2760-->3110-->3880
SL : 2420
Exit Plan : Follow the 7/13/26 DEMA cross down on closing price basis.
NSE:ADANIENT has given a break out from a symmetrical pattern that has been formed during last few sessions. This break out has been supported by the increase volume, MACD cross over and RSI is showing strength. Expecting it to move up from here on.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Adani
Adani Port Buying Setup with Explanation as Well $$Hello Everyone , Hope you all are doing OKAY .
In this Chart we would like to explain you why we should buy Adani Port at this Level.
As you Already can See in Chart that Market falls like Crazy from 759 Level. After the News Dropped on ADANI GROUP , but price Slowly Recover and again came to That level 759 Level.
After rejecting 3 Times Price finally Broke that 759 Level. Which Shows us Buyers are actually Creating Demand at 759 Level That's why Price Broke that Level and took Support at the Same Level . Which gives us Enough Signals to go LONG in Adani Port.
Reasons NOT to Buy : Only Volume is Not Confirming the Breakout .
In this Trade R:R is good , so it is good to go trade . You can see 900 Level in Coming Weeks .
If you Have any Question Regarding this Please comment Down Below .
Disclaimer-: View is just for Educational purpose only.
AdaniIndex Let's see what's there in store for Adani Index, yes yes, I know there is no such index but this a composite index - basically a tradingview feature where you can see a composite index / composite price of different stocks all together and see how they are performing.
This composite index consist of stocks
ADANIPORTS
ADANIENT
AWL
ADANIGREEN
ADANIPOWER
ADANITRANS
ATGL
This composite index gave a rounding bottom breakout in Aug'22 and then achieved its pattern target in with in one month i.e. Sept 22. Since then it is making LH, LL although today's bottom is currently on long term trendline support and also 200 ema on dtf but still overall price action is looking weak for now.
Price is also forming a symmetrical triangle formation and is compressing, so any breakout either side will be a deciding factor in Adani Composite index going forward.
ports ... adani ports the counter which was hammered by heidenburg reports!!
i expect it to touch a 15% upmove area
multiple reasons beyond technicals
one is to maintain market cap of the group
being one of the nifty stocks in adani folio
other stock may show underperformance but such counter with real value are someone who should perform !
i like a quote that could be useful here !!
When everything seems to be going against you, remember that the airplane takes off against the wind, not with it." Henry Ford.
Adani Total Gas is the verge of BOOM💥💥💥Adani Total Gas is already trading in a limited range as per shown on Chart. Very soon it will break the upper resistance line and trade on a higher side. Target would be as follows:
1st Target - 994
2nd Target - 1040
Stop Loss - 910
Keep your watch on such levels
Was Adani Fall a Scam?Was Adani Shares fall a scam by Hindenburg and Soros Thugs?
If you look at the charts and Volume coming in at the bottom seems like the heavy accumulation was done by some groups and fall was just a whitewash and make retail investors nervous and lose money.
The Klinger indicator shows the power at which buying was done with very huge volume. The news during same time period running on news channel and parliament don't co-relate with the accumulation done on shares.
And SEBI couldnt recognize who were the culprit. Same can be seen for Adani stocks.