ADANIENT
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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Keep an eye ladies and gentlemen. Cheers and Happy Trading
ADANI ENT LONG.ADANIENT is maintaining its uptrend structure by continuously making higher lows. It ahs completed a pullback to its 20 EMA and has closed with a positive candle today and decent volume . Keep watch on it for upward continuation. Initiate trade only when price sustains above 1504 for at least 15 minutes.
LONG ABOVE : 1504
STOP LOSS : 1330
TARGET 1 : 1676
TARGET 2 : 1848
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.
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.
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






















