It is an intersting cndle formation, when formed on the wekly chart, it indicates weakness, probably it is pulling back to only exit from residual long position. I have published two charts and one daily and one weekly. experts please lcomment put highlight into this
It was observed on the hourly chart that ADANI ENT was trading between a very narrow range (131-133) that means it's time for a breakout.
Starting tomorrow (or the day after), we may see some upside because the bears could not manage to bring the price down after the long green candle on 6 Jun.
Target: 240 (2-3 days)
SL @ 128
stock is in down trend
giving a fresh break down around yesterday's close
one can look into this stock at yesterday's close
for a target towards 106/104
with sl placed around 116
It is observed that Adani Ent is moving in a channel. Wait for breakout of either the upper or lower trendline to initiate longs or shorts .
Disclaimer: I am a novice at charting and this chart is purely for educational purpose. Views and opinions are welcome
adani enterprises has given non stop rally from levels of 60. more than 100% returns in past 2 months.
Sell range 120 - 123 Target 106-107 sl 127
1) Prices pierced bollinger band but unable to sustain.
2)RSI Stretched and near overbought levels.
Hello dear friends dis is wait n watch trade setup as u all see on chart that dis stock face resistance near 78.6 fibb level if stock trade above that level den on can add long trade. entry stop loss and target given on chart so plan your trade according to that .
hit like if you are agree with the setup and follow me for more updates and ideas. i really...
It's based on Newton Method's short trading setup.The Last candle crossed the newton line. If it fall below the swing low; short it with risk : reward 1:2.5
Let's wait for the trading opportunity.
Adani enterprises seem to have moved about 8% in last 15 days .Currently seems to be at the top of bollinger band and has a good chance of retracement till middle bollinger. Additionally volume and price seems to have formed a divergence indicating weakness in the rally.
Short at the opening with a SL at 111 and take profit at 104.
dis stock also at make it or break it levels so let's see how dis setup work in coming days. once i get entry point i'll update it and share it with you all so keep in touch.
hit like if you are agree with dis plan and follow me for more trade setups and idea's. i really appreciate your support.
regards
king 999
Dear friends keep on radar dis stock as there is too much buying volume .there is also good risk reward ratio so keep ur eyes on dis trade.entry stop loss and target given on chart.good luck
Hit like if you agree with the plan and join me here for more updates and trade setup.i really appreciate ur support and suggestion's.
kind regards
king999
On daily chart stock had breached Neckline of Inverted Head & Shoulder Pattern But facing resistance at the falling trend line. Once the trend line is taken out we may see stock to move for 87.
Buy above 79 with sl of 74.60 for target of 87.
This has been one of the few stock which turned around in a falling market and broke its downward sloping channel. The stock has recently made a inverse head & shoulder pattern and can be bought around 73-74 with a target of 82-83. SL 69.
Note: Sharp Nifty correction can negate the view.
