Intraday / Swing Setup: Looks good above 322 with confirmation on 15mins for intraday and confirmation on 1 hour chart for swing trading. Can touch 330/335 keep tight SL 320. Expected good R:R.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
NSE:ADANIENT | (Intraday/Swing Trade)
Stop Loss :- 295 or (According To You)
Target:- 320-322 Or Because It's Quite Volatile Share (Seen In Daily Chart), It Has Potential To Give Big Moves.
(Risk Must Be Managed.)
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As I talk about key resistance in my last analysis, the stock today has breached that resistance, and chances are it will build more onto that. Alongside on day chart volume also looks also convincing.
Buying Level - 300 or CMP
Target - 320 (previous High)
This analysis is done only for educational & intelligence purposes, invest or trade at your own risk & will.
Adani Enterprise is looking bullish for a positional trade. Above 305 price can move with momentum. Confirmation can a bullish upthrust candle which breaks out of the larger range or above 305, with volumes>100 DMA volumes. The overall structure inside the range is bullish and the explanation for that is given on the chart. Any queries or criticism are welcome!
Adani Enterprises Has Formed A "Parallel Channel" Pattern By Taking Support At (270) And Resistance At (305). It Has Also Shown A Intense Pullback When It Retested Its Support.
Support - 305
Resistance - 270
Checkpoint/STT - 305 ("Checkpoint" Are Those Areas, Where Trend Reversal Is Possible.
This Analysis Is Done Only For Educational & Intelligence Purpose,...