Not DeadAdani 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
ADANIENT
Adani Ports; The path takenFor new entry, STAY AWAY. This update is for those who have a position on the stock. I am strongly against averaging but there is a high possibility that the price might go up to the next resistance of 767. There is a strong bullish engulfing candle that has formed on Friday. So if you want you can average your position with a small amount. But do that only once and don't repeat. Averaging has a potential to wipe out your entire account. Best option would be to day trade and make some money to recover your losses. Keep your stop losses tight at 2% from your entry. This is a rule of 2 that I follow myself. BE VERY CAREFUL as things for adani are not looking good as a company per se .
Personally I will not average if you ask m e. See my previous update in the link. Message me for faster updates.
NIFTY and Bank Nifty Options, TATAMOTORS and ADANIENT (June 18)NIFTY and Bank Nifty Options, TATAMOTORS and ADANIENT (June 18)
Post No: 2 ( Written on June 17)
NIFTY
Candlestick Analysis:
The last traded Candle is likely an Inverted Hammer which signifies a change in Momentum. Whereas the Price Action is found to be increases its momentum downwards.
Technical Analysis:
ADX is found to be dropped from a Height of 23 and now touches the 20 level. The Health of Trend is Poor. DI+ and DI- indicate a New Trend, where the DI- crossed slightly above DI+, could be a start of New BearTrend.
Fundamental Analysis:
Falling Stocks and Rising Inflation are the two most worrying news for NIFTY health. Poor Performance of Top Stocks is the important reason why NIFTY fell down. ADANI Shares, TATA Shares are at extreme pressure to respond back.
To know the Accurate Strike Price Levels check my blog: cre8tivemarkets.blogspot.com
Bank Nifty
Candlestick Analysis:
Bank Nifty has ended up with Doji today there is not enough Liquidity today and Volume is keep on Increasing after 12:00 PM today. Overall Candlestick tells us today the market is indecisive.
Technical Analysis:
ADX ratings are Extremely Poor which is not usable but DI+ and DI- made a Crossover each other which signify a Start of confirmed Bear Trend.
To know the Accurate Strike Price Levels check my blog: cre8tivemarkets.blogspot.com
Adani Enterprises and Tata Motors:
Candlestick Analysis:
ADANI ENT: On a Streak of Downtrend and Red candles.
TATAMOTORS: Potential Downtrend with Bearish Gap Down candles.
Technical Analysis:
ADANI ENT: ADX Ratings are great in a level of 40 and Directional Indexes Crossed Each Other and started to Diverge even more than expected.
TATAMOTORS: ADX Ratings are 33 which is on a trending market, but Directional Index is on a Bull Run for over a long period of time but now it likely to converge.
Fundamental Analysis:
ADANI shares are currently on tremendous pressure to respond back because the shares almost lost 25%.
TATAMOTORS is on a Pressure to continue the Bear trend because of Rising Inflation.
To know the Accurate Strike Price Levels check my blog: cre8tivemarkets.blogspot.com
India Can Only Escape from Inflation by releasing the Lockdown 50% than before.
Falling channelYou can only short till it reaches support levels. Do not average and a reversal can be expected at the support levels
ADANI ENTERPRISES : LONGPEFECTLY FOLLOWING TREND LINE AND BREACHING 23.6 FIB LEVELS THEREFORE EXPECTING UPSIDE MOVEMENT
adaniemter price/FIBO SUPPORT ADANIENT IS GOING TO TAKE FIBO SUPPORT AT 0.382 BE ALERT TO RIDE TRADE
Adanient 15 mini intraday price make head & shoulder pattern and break it and today retest it short with sl (1642) tg 1570
adani power chart studyAdani power gave breakout of head and shoulder pattern in 1day time frame
it should retest its support 101-104 and then follow the pattern and go up
Cmp:- 105.75
entry :- 101-103 after taking support on 1 day chart
target:- 112,116,118,120
Stoploss :- 99-97
Adani Enterprises_32% upside possibilityDate: 03 May 2021
Adani Enterprises
Ascending Triangle Pattern
Check the chart for target and SL.
accending triangle pattern for Adani portaccending triangle pattern for Adani port
price hold support trend line even after declining in Q4 result
volume profile shows strong support at @746
also, the decline in volume shows confirmation of this pattern.
If the price cross 785-90 with good volume then consider this as a strong breakout.
so the expected target is 10-15% from this level.
Adani port came with ugly result Formation of evening star pattern indicate downtrend also came with week result as less than expected
But the current situation of market of buy on rummorse and sell on the news can affect your trade
Otherwise be on short side
Correction ?Weekly RSI is showing negative divergence in strong overbought territory. Price is creating a bearish wedge type structure on daily chart. Wait for wedge to get transformed into Wolfe or clear breakdown to initiate short. Won't short without any of the two events. Buying will be avoided.
Disc : it's not an investment advice to buy or sell
TIME TO SAY ADANI TATA BYE BYEif it breaks lower band then sell it it will start to make lower low
and if breaks the upper band then go long but in intraday only not for short trem
FY21-22 Swing Trade Idea #13 : Long on ADANIENTThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
Pennant pattern formed in Adani Enterprises
Pennants are continuation patterns where a period of consolidation is followed by a breakout used in technical analysis.
It's important to look at the volume in a pennant—the period of consolidation should have lower volume and the breakouts should occur on higher volume.
Most traders use pennants in conjunction with other forms of technical analysis that act as confirmation.
ADANIENTNote:
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
