A desirable Risk to Reward ratio in Adanient
Bought at 2980 (spot) price
SL below 2910-2900sh range.
Looking for 3190 on a long-term perspective and 3075 as an immediate target.
All prices in SPOT
Dissection of Adani ent.
Just attemped from the datas available on trading view from 2006.
Posiible waves in major 1st wave shown in the chart,
2 nd wave was 61.8 percent retracement of 1 st wave.
Major 3 rd wave continued up to Feb 20 till covid break down started,
Here 4 th wave was exactly retracement of 23.6 percent of 3 rd wave.
Then again Adani had a...
--after a big run stock is cooling down
--consolidation and forming pole and flag pattern
--huge upside potential
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and...
looking strong from 2493 level its best entry level for short term if you hold for 15 to 20 days, Have 20% upside potential.
SL-2459 and first target will be 2700 , 2nd target will be 3k.
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Adani Enterprises Ltd. engages in the business of integrated infrastructure and trading activities. It operates through the following segments:...
three targets were in my mind.
after long consolidations it seems it is now breaking out.
two targets 2550.2770 have been already achieved.
there is 80 percent probabilty of hitting it the 3 rd target.
that is 3156.
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Adani Enterprise Cmp 2449 dated 24-11-2023
1. Trendline BO above 2250
2. RSI Divergence
3. Good RRR
Risky Buyers buy @ Cmp target 2350-2400-2450-2500-2550-2600 SL 2140
It is just a view, please trade at your own risk.
Good consolidation building with good volumes in Adani Enterprises
Also stock at a good resistance level.
In view of current scenario, if these resistance levels break, then good move can be expected
Keep on watching...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Normal divergence can provide insight into a potential market reversal ahead of time. Hidden divergence can provide insight into the potential trend continuation ahead of time.
#ADANIENT #TradingView #stockstowatch
Adani enterprises in good buying zone one should wait for the upside rally. if the support level was broken it may go upto 1650 levels very soon.
A stock thats been in the news for a long time now.
Its close to breaking the AVWAP of the entire move which starts from the bottom.
Its also close to breaking below thee trendline support where it already is.
Stay cautious here...but on the flipside i wouldn't short it either coz we don't know about the free float nor how easily it can be taken up again.
It...
NSE:ADANIENT SIP when others are fearful for Financial Freedom. Bargain price.
Share your thoughts in comments.
Ignore if huge gap down or gap up.
Follow strict stop loss.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
