hola amigos,
Another update on adani enterprise
As we can see some order box for this big mover and i know its going to break this support line and gonna fall more but right now rsi is oversold and macd need to curve upward little bit
So, are we in the sideways ?? umm maybe not
First 1500?
second 840??
Third 296??
Reply your Thoughts and if you want me to...
ADANI fell from 4000 to 1500 in less than four weeks in a sensational week.
Here in this chart , I compare it with another instrument which printed a same pattern last year and try to predict how it might move.
Comparison purely based on technical levels.
Follow @piyushrawtani if you found the idea useful.
Cheers =)
Adani Ports at weekly support levels of 660. However, it might go below as it is currently forming a doji below that level. We need to see what the follow up would be. Buy above 660 only for targets of 900. 660 is a multi year support.
Hi all, hope you are trading well. It’s been a long time since I last posted. Apologies for that. 🙏
With all the buzz floating around Adani and let's see the charts from a technical perspective using supply demand, market structure, and basic S/R. Please note that I am not a fundamental analyst and hence not concerned with the underlying working structure of the...
Target ==786
News not affected market its only make retailers confuse if retailers traps then market jump ...
I have late to publish this chart but target are remaining....786 rs around
There is this very famous saying in Stock Market - Market keep doing what it wants to, and news/events are just excuses given for small traders to satisfy their logics.
You can see this in charts of various Adani group of Shares. check below charts -
These shares were already in correction mode before this report.
Now decide...
Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor...
Key highlights:
- Distribution cycle complete
- Range low will act as a supply
- Tapped into the weekly demand zone
- Need to wait for the structure to develop on the daily time frame
- Flip zone at 400-430
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning....
well no doubt after the heidenbergs report there was a huge fall in adani stocks , so does that mean you should sell your entire stake in adani stocks
lets discuss
1) see it was an open secret that adani stocks were overvalued, a much needed retracement was required for building new position, this opportunity came in the form of heidenberg report
2) after this...
We have seen tremendous fall in Adani Group due to Statement by Hindenburg statement. Now Price has Squared the Time as per Calculation ...Expecting Price to halt at this point or went to Consolidation zone. Price must respect the 50% fibonnaci level mention on the chart (2367.80) if on any circumstances price went below this then...Stock may suffer more. Let see...
SELL ADANIPORT BELOW 767 TGT 740-730-715. SL 785 after the break out of marked TL. Stock is forming a lower low on hourly charts.RSI also going below the 40 LEVEL. Stock is also trading below 200 as well as 50 EMA levels. Clearly weakness can be seen on charts. This is for your educational purpose only.
Adani Ports has closed at a crucial level and the support zone around 775.
On the weekly charts, the stock has closed below 20 ema and near 61.8% Fibonnaci level.
There is a bearish moving average cross over on the daily time frame and has formed a gravestone doji.
3 points confirmation.
a. Bearish cross over (daily charts).
b. Close below 61.8% fib level.
c....
It's my personal view.
This is for educational purpose Only.
This is not buying or selling recommendations.
I am not sebi registered.
Please consult your financial advisor before taking any trade.
Thankyou.
