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.
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...
NSE:ADANIENT | (Intraday/Swing Trade) Entry:- 305-310 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.) Keep Your Eyes On Index Give Me A Thumbs Up...👍 😜Follow For More ✔ --Any Suggestions--
Adanient is roaming in this down side channel,this move will again happen in the downward direction if it gave breakdown below 154.50