Probable Scenario - Correction - That might break the support level of the descending triangle.
Alternative Scenario - Another hit to previous high - After that consolidation over a long period
Adani Ent is in a convincing triangle pattern
Expect 25% upmove in the coming days
Target can be 1700
SL according to your risk appetite. Anywhere below the base of the triangle
Happy Trading!
Regards,
Segan
Adani Power bounces into upper circuit from the 108 level. Now all adani stocks will rise.
New investors please stay away from this volatile stock
Message me for faster updates
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.
NSE:ADANIENT
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.
Any dip...
Adani spot cmp 1400
symmetrical triangle pattern breakout done,, macd bullish crossover and rsi have given breakout from falling trend line,,
counter can give 10-15% up move from current levels
Good long candidate
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.
