Adani Enterprises: Few warning signsA widening wedge in an uptrend is a problem in itself. Add to that the ingredient of RSI which is forming lower highs. Price action is forming higher highs. This divergence is a warning sign for a down fall.
Don't get me wrong, the trend is bullish but you need to be cautious with these signs.
Fresh entry to be considere in 1200-1300 range. Target 1700. Stoploss 1000
ADANIENT
#ATGL ADANI TOTAL GAS #ADANIENT #ADANITRANS #ADANIPOWER #ADANI #ATGL
ADANI TOTAL GAS Ltd.
NSE:ATGL
NSE:ATGL
Risky but could be a great trade
RR Ratio > 2.5
CMP: 1501
Target 1940 almost 30%
SL: 1326
Time < 6Months
Others:
NSE:ADANIPORTS
NSE:ADANIPOWER
NSE:ADANITRANS
NSE:ADANIENT
NSE:ADANIGREEN
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
ADANI IS BACK IN STYLE-->MARKET ANALYSIS : Bullish
-->SECTOR ANALYSIS : Broken from stage structure
-->STOCK: Broken from stage structure and cup and handle pattern with a good closing above 1600
Looking bullish for short term targets of 1800 levels and thereafter 2000+
RS uptrending and RSI 60+ adds icing on the cake
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Till then,
HAPPY TRADING :)
ADANIENT Breakout observed in DAILY & Weekly chartsA short term positional trade can be taken based on the recent breakout in ADANIENT scrip.
Volume consolidation is observed in DAILY charts for quite some time now and recent breakout in daily and weekly chart may continue in further trading sessions.
BUY above 1655 with Stop Loss 1589 below and first target around 1710.
A further breakout above 1715 with good volumes can take ADANI ENTERPRISES above 1800 level.
Happy Trading!
Breakout Setup Forming in ADANIENTNSE:ADANIENT
Risky Trade
Has Stop-loss of more than 5%
Trade Carefully and with limited Quantity
If 1600 Breaks then we only have only
1700 and Previous High as Resistance
Other all Details Are been Shared on Chart
Please Read
NOTE - THIS TRADE IDEA IS ONLY FOR EDUCATIONAL PURPOSE
WE ARE/WOULD NOT BE RESPONSILE FOR ANY PROFIT OR LOSS
ADANIENT hourly chart analysis and setup {bullish}Hello Traders👋
Today i have made a post on ADANIENT
I hope you find this post helpful and informative👍
The targets and stoploss would be given in the charts or they would be according to pivot points
Thank You
—DISCLAIMER—
I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted here will be considered as informative and helpful post
I shall not be responsible for your profits and losses