Adani
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.
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.
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.
Adani Enterprises Ltd : Ready to Swing ?If I ignore the fundamental analysis and focus on the technical aspects of the chart,
What I have found is:
There is huge support and resistance in 3300 and 3500, respectively.
Price is above the 200-day moving average
So if you want to go long for swing trading, you can buy near 3300 or between 3250 and 3300.with a small stop loss
Your target should be around 3400, or whatever your conviction is.
ADANI TRANSMISSION - Elliott Wave ViewSince this is a complete waterfall, it is yet hard to say if the stock is correcting or if it's going to remain bearish only. Seeing the fundamentals and the energy around the stock, it is unlikely that it will pickup any time soon.
As per technicals, this is a complete bullish cycle completed. This is based on the Elliott wave theory.
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
Adani Nosedives What can we expect now?ADANI fell from 4000 to 1500 in less than four weeks in a sensational week.
Here in this chart , I compare it with another instrument which printed a same pattern last year and try to predict how it might move.
Comparison purely based on technical levels.
Follow @piyushrawtani if you found the idea useful.
Cheers =)
ADANI ENTERPRISES DIVINATIONS Hello mates here I sharing the daily chart of Adani Enterprises with some support and resistance ideas I tried to identified some key demand and supply zones on daily chart of it and getting some Ideas sharing below
IDEA 1-: We can se a instant bounce back or temporary retracement form here where it is standing because it looks very well placed on you can say a kind of identical support area but need sharp eye and quick decision maybe you can caught this move by on the different time frame chart for early entry.
IDEA 2-: Fresh long we can think on above close of 2425 zones for the target of 3000.
IDEA 3-: This is for those who want to add on each dip and do not want to do trading in it and strongly believe that it is having good fundamentals and will give strong comeback for them.
This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk.
IDEA 1 AND IDEA 2-:
SAME I AM GETTING FROM MONTHLY CHART-:
Ambuja Cement: Is it a good Buy now? My perspective on the stock
I'm no expert with respect to understanding financials in details so cannot comment on Debt of Ambuja cement and allegations made by certain group.
Fundamentally , If we are to look at business potential, India is still a developing country and demand for Cement is going to be there and it will rise...
Risk factor : Adani has huge expansion plans for which it has taken debt too. If demand rises then the additional supply that additional capacity will bring in will be taken care of. However if demand for cement increases at slower pace than anticipated based on which additional capacity has been planned then it could put the whole pressure on capacity utilization and thereby on Profit margins.
Again let me reiterate, I'm no Fundamental Analyst but that is my understanding of the fundamentals of the business.
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That being said, as a Technical chartist, let's look at Ambuja cement based on charts.
On October 28, 2022, I had mentioned that the Upside target for Ambuja Cement has almost been done and the next opportunity is on the short side.
With the stock now 40% down, is it a good level to buy now?
If we look at charts,
- the stock has traded above 500 odd levels for 4 and a half months. And now has suddenly taken a big dip entrapping a lot of Bulls.
- it has broken important Line of breakout / breakdown ( I have marked that in the chart)
- any up move from here and lot of trapped traders might look to exit.
- It does not give confidence to go long as Supply could be very high if the stock moves up.
The next line of support is around 266-293 where Risk::Reward ratio would look better.
So any dips towards that zone Looks for signs of stability
- one can look to nip in slowly. Don't go all in... Spread your buy across days / weeks.
- If 266 is being breached don't add further immediately. Wait for further cues.
- Below 266 next important zone is around 233-240 odd levels and below that 190-202 odd levels.
These are my decision making levels. I go by levels and let market tell me what to do next.
Before Budget I had given my POA (Plan of Action) based on charts. and that was to short if market comes around 18000.
Today when those levels came in, I executed my Plan on the short side (again it was updated during market hours).
At that point of time it might have seemed foolish...
as market was giving illusion of being Bullish...
However charts and data were not supporting bullish view
Results are in front of you of what happened next.
If I talk about Nifty Index, chart is still looking weak and I'm yet to see improvement in derivatives data.
So Don't be in a hurry.
Posting this as I have got requests as to whether it is a good time to buy Ambuja cement (or for that matter Adani stocks).
So giving my perspective on the stock and my Plan.
Before taking any decision do review your Risk tolerance and Time tolerance. Trust you find the analysis helpful in planning your trade.
If you too any stock queries you can let me know in the comment section below. I would try to answer them over the weekend.
Take care of your health and mind.
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Adani Wilmar CrashShares of Adani Wilmar have crashed and have broken the recent low as well. Be careful in this stock and do not enter until price stabilizes. All Adani Group Shares are under pressure due to the Hindenburg Research Report. Let us see what the developments are in the future regarding this fiasco. In the meantime keep it on your radar.
Adani TransmissionAdani Transmission looks weak like other Adani Group stocks. It has however started forming a doji and dojis can be a sign of reversal. We will have to see whether this stock can reverse or not. If it doesn't then it is best to stay out. If reversal comes in the next week then one can look to accumulate.
Adani Power breakdownIn my opinion Adani Power has broken down severely and 200 is the next key support level. If there is no recovery then things can look tough for this stock. Adani Group has been the talk of the town due to a report by Hindenburg Research. The stocks have been in news for all the negative reasons.
Adani EnterprisesAdani Group has been the talk of the town due to a report by Hindenburg Research. Adani Enterprises also had an FPO that was finally able to get through. This share is in the news for the wrong reason so don't jump in. Buy above 3160 only and do not buy below that level. Target of 3800 can be expected if resistance is taken out.
Adani - A technical perspectiveHi all, hope you are trading well. It’s been a long time since I last posted. Apologies for that. 🙏
With all the buzz floating around Adani and let's see the charts from a technical perspective using supply demand, market structure, and basic S/R. Please note that I am not a fundamental analyst and hence not concerned with the underlying working structure of the company.
We are going to see all the Adani companies along with the custom simple weighted chart of the Adani group.
- Adani simple weighted index (excluding AWL for more data)
- Adani simple weighted index (including AWL)
- Adani Enterprises ( NSE:ADANIENT )
- Adani Ports ( NSE:ADANIPORTS )
- Adani Green ( NSE:ADANIGREEN )
- Adani Power ( NSE:ADANIPOWER )
- Adani Transmission ( NSE:ADANITRANS )
- Adani Gas ( NSE:ATGL )
- Adani Wilmar ( NSE:AWL )
Let's get started!
🚨 Adani simple weighted index (excluding AWL)
- Plenty of demand zones on the downside
- Internal structure has shifted
- Structural low is still intact
- HTF structure is bullish
🚨 Adani simple weighted index (including AWL)
- Less data due to AWL
- Structural low is intact
- Approaching demand zone
- HTF is bullish
🚨 Adani Enterprises
- Former daily demand zone should now act as a supply
- Weekly demand zone at ~2000-2400
- Reaction from the demand zone will show the intent of long-term buyers
🚨 Adani Ports
- Distribution cycle complete
- Range low will act as a supply
- Tapped into the weekly demand zone
- Need to wait for the structure to develop on the daily time frame
- Flip zone at 400-430
🚨 Adani Green
- Strong supply formed near 1800-2100
- Approaching weekly demand zone
- Monthly demand zone at 900-1050
🚨 Adani Power
- Sitting in the weekly demand zone but most likely it will breakdown
- Previous swing level near 166 can also act as support
- Next important demand zone at 110-140
🚨 Adani Transmission
- Structural low intact
- Tapped into the weekly demand zone
- Important flip zone near 1460-1650
🚨 Adani Total Gas
- Forming Wyckoff distribution schematic on daily
- Most likely it will approach the weekly demand zone soon
- Flip zone near 1460-1700
🚨 Adani Wilmar
- Hovering near daily demand zone + swing level
- Any lower move can trigger a sell-off to the weekly demand zone
Thanks for reading. I hope you found this helpful! 😊
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView
Adani Group before & After HindenBurg Report - ImportantThere is this very famous saying in Stock Market - Market keep doing what it wants to, and news/events are just excuses given for small traders to satisfy their logics.
You can see this in charts of various Adani group of Shares. check below charts -
These shares were already in correction mode before this report.
Now decide yourself, whether one needs to panic or not.
Know all About ADANI Enterprises On the backdrop of Hindenburg report ADANI group shares have tumbled very much
hereby placing the above chart where traders and investors can take some decisions.
Pure technical study based on price action...
Supports and Reversals marked in green.
Like... Share & Follow....
Happy Trading..