ADANIENT trade ideas
Don't buy at present Wait for the correction and retracement
Near 330 to 340 is our buying range
Wait for the correction
Adani enterprises Elliott Wave Correction And LongAdani Enterprises can come down till 4th wave and then go up till 410-15.
Symmetrical Triangle breakout in ADANIENT for Target of 373+Since the last few trading session, it consolidating in range by making Higher Lows(HL) and Lower Highs(LH). In today's session, we saw higher buying volume near the descending trend line it indicates the more chances of the breakout of this symmetrical triangle pattern and this stock will continue its bullish rally towards the 373+ target.
Possible trade:
Buy ADANIENT Above 361.50
Stop-loss - 358
Target 373+
This trade can give good risk-reward as 3:1(reward: risk).
Disclaimer: Before taking any position make sure you're doing trade by risk management. Also, Don't forget to take advise from your financial adviser.
Adani Enterprises #ChannelPattern #SwingPickAdani Enterprises which had reported an amazing 2nd quarter have been rallied since publishing its results and they have been trading in a range that have given a channel type of formation. Check out the chart and plan your trades accordingly. Just sharing my view.
ADANIENT Can a Big movement above 348..Forming a PENNANT pattern at 15M time frame.
It can give a good movement in interaday...
Long at 443....SL 336-337.....TGT1-348 & TGT2 can be big...so after 348...trail your profit
#ADANIENT DAILY CHART VIEW!!#ADANIENT DAILY CHART VIEW!!
Adani Enterprises Ltd. has taken Cup & Handle breakout in the daily chart with strong support at 330 level.
Moreover the recent breakout has taken place on strong volume.
Technically the chart setup looks quite strong in weekly timeframe.
Keep a close watch.
Contra: Careful on Adani Ent - Overbought zoneBe careful on Adani Ent. It is in overbought zone. NSE:ADANIENT
[Intraday] Adani Ent Short IdeaNot Shorting future because Our bet is it will be back to its consolidation channel. The bet is not "it will fall huge".
We may hold the options for 1-2 days. Alternatively, we can do a call spread.
We can also hedge when it nears the lower line of the sideways trend. Right?
#adanienterprises #adanient #nifty #nifty50 #niftyfuture NSE:ADANIENT
one find reversal for short this mad bull and even one can short (write) 350CE and 350PE for whole month ( if find extreme find down fall then book PE short and hold CE short ) as pet their trading strategy and sl as per their risk appetite.
#Learn_Apply_Grow
adani long intraday valid till 30/10/2020NSE:ADANIENT
stochastic gives buy on 15 min TF if stochastic give buy on next candle if break then buy
INTRADAY LEVELS for tuesday 27/10/2020ALL LEVELS ARE MENTIONED ON THE CHART. Watch my other charts to understand the simple price action used for all of the analyses. Never risk more than 3% of your capital on any trade
