Adani Enterprise Going Down !I know the big man is in US and I know Papa Aayenge toh kuch lekar aayenge, but guess what everyone knows it. so, will I be Bullish as a trend observer, hmmm no.
Inverted cup n handle / Head and shoulder whatever name you call it; this share is going to have a relaxation time. Price regression wise it’s in the last leg so can give one up move but post that its going down. Also, Wonderful buying opportunity at 1100 - 1200 levels. I have a feeling this share will reach 3300 very soon.
But right now, I am bearish. Thanks to @taruneshpasuparthy for the nudge to look further into this!
This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock market expert. I am a newbie trader :)
Adanienterprises
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
ADANIENT Bullish Trend AlertADANIENT
1. ovee all bullish sentiment intimation price move
2. life time retreacement level 23.8% good positive
3. up trend chennel price movementum going up
4 . flug pattern inside inverted head and shoulder and minor rising wedge pattern price movement
5.last today just healthy retracement price move not down trend stay again bullish
6. mentioned target expect coming day
ADANI ENTERPRISES | TRADE SETUP 26-07-2021NSE:ADANIENT
On , 22-07-2021, It has broken the trendline with good volume and on 23-07-2021 tested that trendline and made a reversal.
But it closed near to the critical rage of 1400.
Good Long/Buy trade will be only above 1440. And good & safe long/buy trade will be only above 1450 level. Target for long/buy trade are mentioned in the chart.
Any dip above 1360 will be an buying opportunity.
Once it breaks the level of 1330 then it will be good short/sell trade opportunity.
Hope my ideas are helping you to understand the trade setup, price action and levels.
Do comments if you have any doubt/suggestion.