#ADANIENT 1660 CE level shared and bagged 3%
Whole market is on selling, but our stocks bagged good profits on CE only !!
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EXPLANATION : This is a 30 Min time frame chart of ADANIENT . It has formed a Bullish Flag Pattern , Less volume . If stock break the flag with high volume I am seeing a very good opportunity in ADANIENT . ( Use Fiboncci )
Stock has already break the resistance line on the upside, showing a bullish candle and complete the symmetrical triangle pattern. This is clear indication of good breakout with standard volume. So we can ride on that bull run.
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...
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.
Adani spot cmp 1400
symmetrical triangle pattern breakout done,, macd bullish crossover and rsi have given breakout from falling trend line,,
counter can give 10-15% up move from current levels
Good long candidate
Let's keep it short and simple we can see flag and pole pattern in this stock can see a bull run in the coming month itself till 1700 level also since Adani is one of the FAV stock of FII and DII so we are not expecting and bearish move as if now in fact the volume has been increased as compared to last time few important levels to look out there is a support zone...
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
Note: This is for educational purpose only.
Price action indicates that 21 EMA is a dynamic support. Moreover, 21 EMA above 55 EMA indicates short term uptrend. RSI is 58 which is nearing bullish trend.
NSE:ADANIENT | (Intraday/Swing Trade)
Stop Loss :- 295 or (According To You)
Target:- 320-322 Or Because It's Quite Volatile Share (Seen In Daily Chart), It Has Potential To Give Big Moves.
(Risk Must Be Managed.)
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Its looking double bullish . A Rectangle Flag breakout possible plus Symetrical Triangle breakout. The price is trading above the 144 day Moving Average.
In the last 15 Minutes of the last session, MA50 crossed above MA144 indicating a significant jump in price on 11 Sep and the uptrend will resume on Monday.
Professional Day/ Short-Term Swing Trader. Ideas...