Adani Entr - Very BearishAdani Enterprises seems so bearish, so give an entry with an appropriate Stop loss on downside
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Adanienterprises
ADANI ENTERPRISESAFTER A BIG FALL IN ADANI ENTERPRISES MARKET SHOULD BE COVERED.
AFTER MARKET IS COVERED TAKING SOME RETRACEMENT
MARKET TAKING FIB RETRACEMENT AT LEVEL OF 0.382, WHICH MAKES THE SIGNAL OF MARKET WILL BE RETRACED FROM THIS LEVEL.
AND FORMATION OF ASCENDING TRIANGLE IN 15 MIN TIME FRAME.
CMP :- 1519.45
BUY ABOVE :- 1530.45
SELL BELOW :- 1499.25
THANK YOU.
ADANI ENT LONG.ADANIENT is maintaining its uptrend structure by continuously making higher lows. It ahs completed a pullback to its 20 EMA and has closed with a positive candle today and decent volume . Keep watch on it for upward continuation. Initiate trade only when price sustains above 1504 for at least 15 minutes.
LONG ABOVE : 1504
STOP LOSS : 1330
TARGET 1 : 1676
TARGET 2 : 1848
NIFTY and Bank Nifty Options, TATAMOTORS and ADANIENT (June 18)NIFTY and Bank Nifty Options, TATAMOTORS and ADANIENT (June 18)
Post No: 2 ( Written on June 17)
NIFTY
Candlestick Analysis:
The last traded Candle is likely an Inverted Hammer which signifies a change in Momentum. Whereas the Price Action is found to be increases its momentum downwards.
Technical Analysis:
ADX is found to be dropped from a Height of 23 and now touches the 20 level. The Health of Trend is Poor. DI+ and DI- indicate a New Trend, where the DI- crossed slightly above DI+, could be a start of New BearTrend.
Fundamental Analysis:
Falling Stocks and Rising Inflation are the two most worrying news for NIFTY health. Poor Performance of Top Stocks is the important reason why NIFTY fell down. ADANI Shares, TATA Shares are at extreme pressure to respond back.
To know the Accurate Strike Price Levels check my blog: cre8tivemarkets.blogspot.com
Bank Nifty
Candlestick Analysis:
Bank Nifty has ended up with Doji today there is not enough Liquidity today and Volume is keep on Increasing after 12:00 PM today. Overall Candlestick tells us today the market is indecisive.
Technical Analysis:
ADX ratings are Extremely Poor which is not usable but DI+ and DI- made a Crossover each other which signify a Start of confirmed Bear Trend.
To know the Accurate Strike Price Levels check my blog: cre8tivemarkets.blogspot.com
Adani Enterprises and Tata Motors:
Candlestick Analysis:
ADANI ENT: On a Streak of Downtrend and Red candles.
TATAMOTORS: Potential Downtrend with Bearish Gap Down candles.
Technical Analysis:
ADANI ENT: ADX Ratings are great in a level of 40 and Directional Indexes Crossed Each Other and started to Diverge even more than expected.
TATAMOTORS: ADX Ratings are 33 which is on a trending market, but Directional Index is on a Bull Run for over a long period of time but now it likely to converge.
Fundamental Analysis:
ADANI shares are currently on tremendous pressure to respond back because the shares almost lost 25%.
TATAMOTORS is on a Pressure to continue the Bear trend because of Rising Inflation.
To know the Accurate Strike Price Levels check my blog: cre8tivemarkets.blogspot.com
India Can Only Escape from Inflation by releasing the Lockdown 50% than before.
adani ent feeling heavy resistancesupport and resistance zone marked
no loss strategy
sell call 1360@12
sell put 1100@10
till expiry
total points 22
1 lot=1000
total profit=22x1000=22000
open for discussion, open for suggestion. this unique strategy you can learn and earn , all this is for education purpose. simulate and enjoy profit. for more like strategy search mcpriceaction
ADANIENT: Is the bull run over?Adani Enterprise was in uptrend since Apr-20 to Aug-20 and then Brokeout with huge volume (see in the chart weekly candlesticks) after some consolidation in the month of Sep-20 uptrend was again started with the normal volume.
Since 1st Feb-21, it broke out again with the double of average volume and surprisingly next week's volume was even higher. This (3rd week) is on going and volume is higher than the previous 2 weeks which is showing strength in the script.
The script touched 802 level twice which is acting as resistance level and formed a doji candle on daily chart. Hence, in my opinion, some correction is expected upto 724 (756 is immediate support level). "Bulls will take a rest before next run."
Disclaimer: This is for educational purpose, please invest as per your own analysis or based on your advisor's instructions.