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ADANIENT

20th Dec ’23 - BankNifty falls 967pts - stance is now bearish 🐻BankNifty Today Analysis It all started with BankNifty today, the options flow was indicating immense bearishness. But Nifty50 options flow was showing strong bullishness. This contrasting directional bias barely works in our market. And 9 times out of 10, Nifty50 mends its way to go as per BankNifty’s directional bias. The reason is, BankNifty is still the leader of the pack. 4mts chart link - click here So first, the collusion again with NiftyIT to get Nifty50 to get to a new top and then a meltdown. BankNifty shaved off 967pts intraday after getting a gap up open. The candle at 13.27 ensured we were re-entering the ascending channel. Just like we discussed yesterday - the directional move came and we were not caught off guard. You might have guessed when we went short today, yes as soon as the ascending channel top line was breached. The ensuing momentum gave us confidence in the bearish bets. What was more surprising was the breach of the bottom line of the ascending channel - I honestly did not see that coming. 63mts chart link - click here Technically Banknifty has not moved that much today, we just dropped 0.89% compared to 1.41% of Nifty50. There were some outliers today, ADANIENT -5.35%, ADANIPORTS -5.76%, RELIANCE -1.21%, LT -2.3%. And the subsectors were all in RED. I seriously do not know if it is a serious correction phase as the runup so far has been like a dream. The chances of something happening like this were quite evident today. BankNifty options premiums were screaming bearishness - I thought it was because of the expiry. And Nifty50 was showing strong bullishness. I bet my money on Nifty as the options prices were more rational as it was not expiry related. But since the BankNifty’s premium’s were not dropping - It gave me the warning shot. Quite fortunately was able to catch the top and low of a few strikes correctly. Also was able to switch between BN and N50 strikes quite seamlessly to take advantage of the mispricings. Who in the world will believe 22700 CE of Nifty50 had a premium of Rs3 for 1 DTE i.e. a strike 1500pts above spot?
NSE:BANKNIFTYShort
by viswaram
5th Dec ’23 - Switching to 63mts time frame Nifty PostMortemNifty Analysis Recap from yesterday: “Nifty has made an island today and is in uncharted territory. If the momentum persists, we can see unusual outperformances. If there is negative news or weakening global macros — we can see a fall too. Since we have broken out from an ATH, the chances of momentum continuation are higher. I would continue to hold on to my long stance. “ 5mts chart link - click here The momentum was pretty strong today also, expectedly - BankNifty had more firepower than Nifty today even though spirited performances by ADANIENT +16.91% ADANIPORTS +15.3% contributed only 0.81% gains for Nifty. NifyIT ended up on the losing side along with the FMCG index. The Adani shareholders would be rejoicing, their patience and commitment have been rewarded with lofty gains. 63mts chart link - click here From today, I decided to replace the 60mts (1hr) chart with 63mts chart. That is because the 60mts chart gives 6 candles of 1hr and 1 candle of 15mts - so the 7th candle is of one-fourth size. Since the size is ¼ the weightage also has to be 0.25 - but from a visual perspective, we are unable to make out the real impact. The 63mts chart on the other hand gives 6 candles per day with the 6th candle having 60mts instead of 63. 375 hours of trading means. 6*60 + 1*15 for the hourly timeframe and 5*63 + 1*60 on the 63mts TF. For tomorrow, I prefer to hold on to my long stance with 20690 as a reversal level. If the uptrend is intact - hoping to see the laggards to also catch up with the winners shortly.
NSE:NIFTYLong
by viswaram
28th Nov ’23 - BankNifty is neutral till 44063 is taken out BankNifty Analysis BankNifty was following the last day’s price momentum, but it did not have an acceleration similar to Nifty today. Well the main reason why Nifty got that push was due to the 10% upper circuit hit on ADANIENT. Even ADANIPORTS also closed quite well today. Both of them combined added 39+ pts to Nifty’s gains today ~ 0.19%. You deduct that, you almost get the 0.26% net gains same as BankNifty today. 5mts chart link - click here That does not mean BankNifty did poorly today. We almost had a W like pattern between 13.00 and close. The next resistance of 44063 is still not taken out, which means we need to watch how it will react to the opening hours tomorrow. Also tomorrow we have no expiries as BankNifty will expire the same as Nifty & Sensex this Thursday. 1hr chart link - click here BankNifty has picked up decent momentum from 22nd Nov when it bounced from the 43253 support level. The next level to watch is 44063 and till that is not taken out, I wish to maintain my neutral stance. Once BankNifty also goes bullish, it will be a treat to watch as Nifty is already long.
NSE:BANKNIFTY
by viswaram
ADENIENT //Adani Enterprices Intraday🤑We analysis Adanient Direction Useing Price action. Adani shares rise up to 2% ahead of SC hearing on Hindenburg issue Adani shares rise up to 2% ahead of SC hearing on Hindenburg issue Shares of Adani group stocks were trading with a positive bias on Tuesday as investors await the outcome of the hearing of the Adani-Hindenburg issue in the Supreme Court later in the day. With Adani Enterprises rallying up to 2%, nine out of 10 Adani stocks were trading in the green. Shares of Adani Power, Ambuja Cements and Adani Ports were trading over 1% higher. Shares of Adani group stocks were trading with a positive bias on Tuesday as investors await the outcome of the hearing of the Adani-Hindenburg issue in the Supreme Court later in the day.
NSE:ADANIENT
by Ramajitrade
Adani Break OutAdani Enterprises CMP: 4165 SL: 3930 Target: 4390 (as per Daily TF - VCP) 5300 (As per Weekly TF - Flag & Pole) - This is difficult but u never know with Adani Stocks. If we get 1:1 then trailing as per hourly swing pivots would be good. RR: 1:1 (for target 4390) 4.86:1 (For target 5300) Reason: 1 - RS is rising 2 - RSI is trending 3 - Good Volume on Break Out 4 - Above all moving averages on Daily and Weekly 5 - Break out of VCP( On Daily) 6 - Break Out of Flag & Pole ( On Weekly) Disclaimer: The buy and sell recommendations provided in this report are for informational purposes only and do not constitute financial advice. The information contained in this report has been obtained from sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. Any opinions expressed in this report are subject to change without notice. Trading stocks involves substantial risk, including the loss of all or a portion of your investment. Before making any investment decisions, you should carefully consider your financial objectives, risk tolerance, and financial situation, and consult with a financial advisor if necessary. The information and recommendations provided in this report are not intended to be used as the sole basis for making investment decisions. You should conduct your own research and analysis, and consult with a financial advisor before making any investment decisions. The author and publisher of this report are not responsible for any losses or damages arising from the use of this information. By accessing this report, you agree to hold the author and publisher harmless from any losses or damages arising from the use of this information.
NSE:ADANIENTLong
by Triyambak_CA
4
AdaniEnt showing a formation of Flag PatternAdani Enterprises is showing a Flag Pattern formation on daily/ hourly charts. Such setups take time to materialise. But, when they do complete and the price breakout sustains, targets are really sweet! Flag Pattern - targets are usually the width of the flag followed by the length of the pole. SL post breakout is the lower end of the flag. At the current stage, the prices are yet to give an entry signal. PS: Adani Ent is a VERY HIGH-RISK scrip, please be extremely vigilant while trading in this scrip.
NSE:ADANIENTLong
by Mayank-Pandey
1