NSE:ADANIENT
is finding difficult to break high of 223-224 , again a bearish pinbar formed, i will go short if it starts trading below 218 for target of 205 .
ADANIENT has formed a bullish bat type pattern on the daily chart (or the formation is near completion). The Stoch RSI shows a loss in downward momentum. NSE:ADANIENT
One can initiate a trade whe the CMP breaches 150-152 levels with good volumes. Rest all information is in the charts.
Symmetric Triangle pattern on Adani Enterprise and it may break either side.
Trade Long:
Buy above - 142
Target - 160
Stop loss - 133
Trade Short:
Short below - 124
Target - 105
Stop loss - 133
It was observed on the hourly chart that ADANI ENT was trading between a very narrow range (131-133) that means it's time for a breakout.
Starting tomorrow (or the day after), we may see some upside because the bears could not manage to bring the price down after the long green candle on 6 Jun.
Target: 240 (2-3 days)
SL @ 128
