ADANIENT
ADANI ENTERPRISES | TRADE SETUP 26-07-2021NSE: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 above 1360 will be an buying opportunity.
Once it breaks the level of 1330 then it will be good short/sell trade opportunity.
Hope my ideas are helping you to understand the trade setup, price action and levels.
Do comments if you have any doubt/suggestion.
Adani Enterprises: ASCENDING TRIANGLEAnalysis:
1) Ascending triangle pattern has been formed.
2) The support and resistance lines have converged and the pattern is on the verge of breakout.
The stock looks bullish and upward move is expected once it breaches the resistance line on closing basis for the given time frame.
Disclaimer: These analysis are only for educational purposes. Plan your trade wisely.
ADANI PORT SPL - Bouncing Back 🤞 🤞Tested crucial level.
Symmetric triangle
BREAKOUT signal in all indicator , may enter wide monthly pivot level , near 200 MA resistance
Will take a good move from here.
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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Adani Entr - Very BearishAdani Enterprises seems so bearish, so give an entry with an appropriate Stop loss on downside
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
ADANI LONG 24TH JUNELet's keep it short and simple we can see flag and pole pattern in this stock can see a bull run in the coming month itself till 1700 level also since Adani is one of the FAV stock of FII and DII so we are not expecting and bearish move as if now in fact the volume has been increased as compared to last time few important levels to look out there is a support zone @1488-1479 that will be acting as SL in this trade the target of @1700 this move will be executed in 7 days period or less than that ill be updating all the information required about this stock in coming days
TRADE
1) can go with equity with the Sl of 30 points to be on the safer side and a target of 200 points
2) can buy a NAKED CALL OPTION but it should be in the money ( ITM ) cause even if the stock remains in the same range you won't face any decay in your strike price
3)can buy BULL CALL SPREAD this is the safest way to capture the move since your maximum loss is limited in this strategy
DO FOLLOW YOU RISK TO REWARD RATIO
Disclaimer- I am not SEBI registered advisor. All views shared for educational purposes and should not be considered advice of any nature. Learn and Earn.
ADANIENT SYMMETRICAL TRIANGLENote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading