It is free fall,mentioned on 28th one more leg down to come.Yes It is free fall till now.
let us see where it halts.
just before fpo it was halted to climp just above 3000.
On 28th I had mentioned in my post about the forthcoming decline.
Today it bounced when it went below 1871 to just cross 2000.
then deccline continued to touch next level 1539,
if it slips from here next level to watch is 1399.
200 period weekly average is at just above 1200.
it is really interesting to watch what happens tomorrow.
don't forget to like this post.
follow me to get updates.
please go through my latest post of adani,sbi,and hdfc bank
and bank nifty,
please click the play in the posts to know about the predictions.
ADANIENT trade ideas
Adani enterprises and curved pattern,02.02.2023publishing my idea about curved pattern and its impact on the prices
where ever a curved pattern exists there is always a chance of exponential growth or downfall
when price starts making a curve pattern either way ,when it is broken especially in small time frame, price makes sharp movement
it exists in every time frame from 1 minutes and beyond
Adani's Downfall through RSIAdani's Downfall through RSI
If you are aware of RSI divergence, you can predict Adani's downfall way before it happens.
If you look at the prices, we can see two different prices with different RSI values.
but we need confirmation for everything.
1. Below the 20-day moving average
2. The news itself.
NOTE : This concept applies only to those who work in the futures and options markets.
1.Sell future
2.Sell Call option
3.Buy Put option
ADANI ENTERPRISES DIVINATIONS Hello mates here I sharing the daily chart of Adani Enterprises with some support and resistance ideas I tried to identified some key demand and supply zones on daily chart of it and getting some Ideas sharing below
IDEA 1-: We can se a instant bounce back or temporary retracement form here where it is standing because it looks very well placed on you can say a kind of identical support area but need sharp eye and quick decision maybe you can caught this move by on the different time frame chart for early entry.
IDEA 2-: Fresh long we can think on above close of 2425 zones for the target of 3000.
IDEA 3-: This is for those who want to add on each dip and do not want to do trading in it and strongly believe that it is having good fundamentals and will give strong comeback for them.
This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk.
IDEA 1 AND IDEA 2-:
SAME I AM GETTING FROM MONTHLY CHART-:
It has come down in extended final legThis is my follow up post of adani enterprises where
I had stated another leg down still pending.
this down wave is extended now.
But who wants to catch falling knife,
It is still trading above 200 week moving average which is at 1207.
don't forget to like this post.
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Adani Ent - GO LONGThe stock has been corrected heavily in last few trading sessions. Now the technical analysis throws a very distinctive RSI Divergence. tt can been be seen in one day/ 4 hours/ 2 hours/ 1 hour and 30 minutes chart. Also, the share price has responded to the support line positively.
though the Divergence is seen, it will be complete if there is some upward movement. if the Share price moves up and rsi moves in similar trend, it can be bought for a immediate bull for next few trading sessions.
please dont trade immediately, if it opens in green then only take fresh position as trading on incomplete RSI divergence will be risky.
I am not holding Any Adani group share and will not take position in near future. This is only an expression of my analysis and not a trading advise.
Adani EnterprisesAdani Group has been the talk of the town due to a report by Hindenburg Research. Adani Enterprises also had an FPO that was finally able to get through. This share is in the news for the wrong reason so don't jump in. Buy above 3160 only and do not buy below that level. Target of 3800 can be expected if resistance is taken out.
Fibonacci divider and 5 waves It anyone knew about Elliott , we could have used Fibonacci divider to show us the the top. This was a perfect wave .
Note how wave iv divided the entire wave into 0.618 : 0.382 ratio . A Fibonacci divider.
Now just hope this wave should not be retraced by more than 0.618 percent . If it does the we can assume this was an extended wave 5 which will put a cap on the stock for atleast double the time of its current wave up. Regards
[Intraday] AdaniEnt Price Action OverviewNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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Adani Enterprises - Important zonesKey highlights:
- Former daily demand zone should now act as a supply
- Weekly demand zone at ~2000-2400
- Reaction from the demand zone will show the intent of long-term buyers
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView
Know all About ADANI Enterprises On the backdrop of Hindenburg report ADANI group shares have tumbled very much
hereby placing the above chart where traders and investors can take some decisions.
Pure technical study based on price action...
Supports and Reversals marked in green.
Like... Share & Follow....
Happy Trading..
One more down side still pending.It is not any trading recommendation.
as the stock is highly volatile and involves high risk/reward.
Only those who can manage it with high level of technical studies should
trade this counter.
I had publishedseveral posts of adani several times which were right at the targets.
Here potential down side is still open.
two options here are available.get
The one going wave still extend and there will be a pull back after that and then we can get decline (this is first option).
second option right from here we can get pull back then there will be decline..
final decline how it will take shape we can know at that time only.
yesterday I had successfully predicted the targets of adani port while it was at 641 for a target of 567
and ambuja cement while it was at 414 for a target of 377.
Of course market always does not offer opportunities for such predictions.
Trading opportunites are highly profitable while trading wave 3,wave 5,wave a and c.
Reversely trading in wave 2 ,wave 4 and wave b not at all rewarding for option buyers.
please go through my recent posts of hdfc bank and sbi which were in reverse directions one in bullish side and othere in bearish.
don't forget to like this posts and follow me to get updates.I am attching my past posts of adani ent here.