Get started

Adani

Adani Green Energy possible Elliot wave counts (Investment pick)Hello Friends, here we had shared possible elliot wave counts of stock Adani Green Energy, which is clearly showing that this stock has completed full corrective wave cycle as ABC of bigger degree (2), after completing full impulse wave cycle as 12345 of bigger degree (1), while completing correcting wave, it had formed zigzag correction pattern as ABC of larger degree wave (2), in which it clearly showing that equality of wave A and wave C is coming at 1175 and 161.8% level of wave A is coming at 307.10 level, which can be used as Invalidation level for Longs. Well, this stock has fallen from 3050 levels to 439 levels which is almost 85% sudden correction from highs, also wave counts are suggesting that possibly corrective counts has unfolded and possibly completed, So one can go long at current levels or in dips (if any) along with stop loss of invalidation level of 300. and as per wave principles wave 2 can never retrace more than 100% of wave 1, and that level is pegged at 22.80 which is all time low of this particular stock as per chart. also if it hold above invalidation levels then this can be investment pick and if it starts journey towards north direction then wave 3 can show new all time highs for long term prospectives only. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Thanks. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSE:ADANIGREENLong
by RK_Chaarts
8
So Adani is exhausted😥Hey Folks New Adani update After the freefall of adani it is look like it is recovering right?? Nope its just sellers are exhausted for a time being and bears are slowly waiting to trap the new buyers As we can see rsi is oversold in every time frame and macd is curving to upside. So how are we going to trade in this market for adani? just wait and get ready with your short setup and always remember indicators are like yours friends but Your analysis is like your family. Find resistance range Short with low margin And book profit by the end of day. Good luck *Note- Your Money Your Risk ,I am not your financial advisor*
NSE:ADANIENTShort
by D3ffyDuck
4
ADANI ENTThis is a long-term view, valid until March 31st. It can extend its strong "beaish" sign. According to the fundamentals and Hindenburg's criticisms, this stock will fall dramatically. History always repeats itself in the stock market, so make sure you take advantage of this opportunity. Remember Harshad Mehta's scam? What happened when it increased ACC from 200 INR to 9000 INR? target 185, just believe everything is possible in stock market when it can go from 40 to 4500 in 3 years it can fall 4500 level to 40 level.
NSE:ADANIENTShort
by WECLAN
1
are you a part of MAJOR TRAPafter this 60% recovery from the bottom many retailers got excited about Adani enterprises and had made position in Friday market, if you are also among them than read this article carefully. let me give an case study of Vedanta last year in the month of May Vedanta fall by 25% within 8-10 trading session it than started consolidating, for some days in ascending triangle pattern many people thought since this is an demand zone the stocks will not fall further and will start an upward- journey, but it was not a consolidation it was an TRAP for retailers. those who made position saw an another 25% fall, notice that now it is more than 8-10 months the stock has not recovered it previous high.( for more clarification see chart) { NOTE;i have used Vedanta example just for reference} now something similar is happening with adani enterprises , the stock has fallen 60% so drastically and made 60%recovery after 34% more fall (making a total fall of 74%). if you notice the volume on friday market the volume was more than previous days even after that the stock was not able to cross the resistance area on weekly time frame and closed taking resistance at 5 min time frame, making bearish sentiment. see if you are still bullish in adani than let me put some more data in front of you, 4- more stocks of the group( green, power, transmission ,total gas ) were closed at lower circuit making a another bear sentiment, if the group has to be bullish than remaining stocks should also been closed in green so what i want to say should that you should sell you position , OfCourse not , i just want to say before entering any stock make risk assessment and dont become a part of trap seeing few green candles. these are just my views , make your own analysis , share your views in comment and do boost this post.
NSE:ADANIENT
by bannasaa
1
Adani Stocks, Valuations, Volatility and ConsolidationAdani Stock are in limelight after Hindenburg research. Stocks have fallen heavily after the news and FPO had been withdrawn. Lets try to understand by combining Valuation fundamentals, Technical analysis and volatility. Also try to decode what usually happens after such wild moves. 1. Adani Stocks were on continuous rise after Covid drop 2. Valuations of some of Adani group stock reached sky high. PE multiples of some of the stocks are still above 100. 3. When stock makes top with extreme valuations there is chance of sharp correction. 4. There is no definite method to identify stock top yet from confluence of price action, volume and indicators one can identify them like Candlestick reversal pattern, Divergence on weekly or daily charts on MACD or RSI and abnormal selling volume are few to look out for. 5. Stock sharp correction is linked to volatility or Fear which can give wild moves on both up and down side 6. Volatility then gets contracted and stocks goes in long consolidation 7. It may make smaller new low but still for good amount of time it won't recover and hit fresh highs Similar example is IRCTC check image below to understand in which phase Adani stocks are Disclaimer: This is just educational analysis, readers shouldn't conclude this as ultimate truth and need to conduct their own studies. Stock markets are dynamic in nature as human emotions are involved. Anything and everything possible. Disclosure: Don't own IRCTC or any Adani stocks nor have any bad will against them.
NSE:ADANIENT
by Niftydirection
6
ADANI should donate blood instead making bloodbath in the markethola amigos, Another update on adani enterprise As we can see some order box for this big mover and i know its going to break this support line and gonna fall more but right now rsi is oversold and macd need to curve upward little bit So, are we in the sideways ?? umm maybe not First 1500? second 840?? Third 296?? Reply your Thoughts and if you want me to technical analysis any coin or stock comment i will do it for you
NSE:ADANIENT
by D3ffyDuck