ADANIENT
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
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...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
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...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
will ADANI ENT ENTERTAINALL SUPPORT NAD RSISTANCE MARK
EARN PROFIT STRATGEY SELL 940 PUT @ 11AND 1240 CALL @19 FOR APRIL WEEK EXPIRY AND SIT RELAX ENJOY 40 K PROFIT.
LEVEL FOR EDUCATION PURPOSE.
NO ONE IS PERFECT IN TRADE BUT 7-8 TRADE OUT OF 10 GIVING PROFIT THAN STAY IN THE MARKET USE SL
LEARN LERAN AND LEARN THAN ONLY YOU CAN EARN
WATCH ON ABOVE , SPARE 3-5 SECONS TO GIVE THUMPS UP IF YOU ARE IN VIEW OF SAME OR GIVE YOUR FEEDBACK YOUR COMMENTS MATTER TO US EITHER POSITIVE OR NEGATIVE AS THIS INCREASE LEARNING OF BOTH USER.
LONG Opportunities for 12-16 AprThe key levels to watch out are mentioned in the video. Trade as per the levels mentioned after finding a suitable candle patterns at support and resistance levels.
For the accurate levels, Follow me on trading view and Insert this indicator from library or from my profile under Scripts.
Happy trading.
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...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
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...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Adanient - Descending channel breakoutPrice formed descending channel pattern and in the last trading session price breaks out to add 100 more points in a single session.
One can clearly look at my analysis to understand where did the actual breakout happened and how to anticipate and take such kind of trades.
On all times support and resistance levels are more important than the patterns and breakouts.