ADANIENT levels Support Resistance #ADANIENT
Current Price: ₹2,968.35
Trend: Sideways/Consolidation
Chart Pattern: Descending Triangle
Resistance Levels: ₹3,100 - ₹3,200
Support Level: ₹2,900
Volume: Lower during consolidation, indicating in decision
Recommendation: Buy above ₹3,100 for breakout confirmation or near ₹2,900 if
support holds, with a stop-loss below ₹2,850@ashwin06The stock is showing a sideways/consolidation trend after a period of volatility, with price fluctuating between ₹2,900 and ₹3,200.It has seen a few sharp dips and recoveries, indicating indecision among traders. The price action seems to form a descending triangle pattern, with lower high sand strong support around ₹2,900.
ADANIENT trade ideas
Hard trade on AdaniENT- neckline is too broadIs the stock ready to give a solid breakdown again? With such a broad neckline and the inherent volatility of Adani Enterprises post-Hindenburg, traders need to be cautious. This pattern suggests a significant move could be coming, but whether it will break down further or consolidate depends largely on how the market digests both technical levels and any further fundamental developments around the company.
Adani enterprises bullish viewAdani enterprises share looks good at daily support an near 200sma .
Today's candle long wick rejection.
Last 3-4 days candles showing upside move from this zone . Take support s.
Entry after previous day high break .
Stoploss 1% of buying price
Target 2-5% minimum
Support zone 2970-95
ADANI ENTERPRISE TRADE SET UPAdani Enterprise Stock price has been consolidating in a range 2700 - 3450. Stock can be seen forming a Symmetrical Triangle Pattern. Breakout on either side can give the targets for the said pattern. 3500 will be a strong resistance point and 2675-2750 will be a strong support zone for trend reversal. Weekly RSI being around 46 signals lower momentum and some pending downside. The zone of 2675-2750 would be a good level to accumulate the stock with a SL of 2450.
Hindenburg Research ProblemA blog recently accused the Indian market regulator, SEBI, of not acting on a report about Adani's finances because SEBI's chairperson and her husband had investments in funds linked to Adani. We already know that Indian politicians often support big business leaders like Adani. But SEBI being involved in this is a new issue.
The question is, is Hindenburg Research doing good for India by revealing this information? Hindenburg is known for finding and exposing financial frauds to make a profit from the stock market. They usually release the news on weekends when the market is closed, so they can earn more money. This is because they need good liquidity to make a profit.
In reality, everyone is just looking out for their own interests. The ones who get hurt the most are the retail investors who buy and sell stocks.
"I hope that one day retail investors will come together and support each other."
Adani Stocks will go up in current scenario buy on dipDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Adani ENterpriseHindenburg Research on August 10 released a new report alleging market watchdog Sebi chairperson Madhabi Buch. The report alleged that Madhabi and her husband Dhaval Buch were involved in Adani Group's offshore funds. The report said that these obscure financial systems were allegedly used in the “money siphoning scandal."
The Stock is already finding pressure to cross 3300 mark.
I personally feel if the sentiment worsons then its an opportunity to buy...
Below 3127 on closing basis it will find more pressure for profit booking...
Support levels are marked for entry
Now 3360-70 will act as strong resistance short term (couple of months)
Happy Trading.
ADANI ENTERPRISES SYMETRICAL TRIANGLESymmetrical triangle has formed in weekly chart.
either it should break the resistant trend line or the support trendline.
if resistant trend line breaks may go for bullish or if support trend line breaks may go for bearish
This analysis is my own idea.
I don't recommend taking trade based on this idea.
consult your SEBI registered adviser to Know the market risk before.
in.tradingview.com
ADANI ENT SHORTADANI ENT SHORT : The prices are responding from weekly SZ & in turn the daily trend is turning Downward. There are 2 levls on 75 min. original level & reaction level which made a new low. Also on 25 min refining time frame since the trend is downward price may react from 25 min level itself. Combining 25 min & 75 min level for this. The immediate JUL put OI is @ 2900 which could act as a support.
ADANIENT - A Risky bet worth considering!Adani Enterprises Price Observations :
1. Following a bullish channel.
2. Bounce from an important zone.
3. Volume is lacking!
- Stay updated for further insights and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Adani enterprises again ready for fresh all time high 4300++ Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
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 trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
ADANIENT AT BREAK OUT WITH VOLUMEBUY ADANIENT ABOVE 3400 AND BREAK OUT AT 3400. NEED TO SUSTAIN ABOVE THAT LEVEL.
TARGET 1 - 3650
SL - 3200
FOLLOW RISK REWARD
Disclaimer -
videos, presentations, and writing are only for educational purposes and are not intended for investment advice. I can't promise the accuracy of any information provided. please consult with your financial advisor.
Linear Vs Logarithmic Chart. Which one to use ?NSE:ADANIENT
Hello, Traders! 👋
I hope you’re all having a fantastic weekend! 🌟 Whether you’re sipping coffee, analyzing charts, or just enjoying some downtime, let’s make it even more productive. 📈💡
In today’s educational post, we’ll explore a concept that might have slipped under your radar or left you slightly puzzled. No worries—I’m here to shed light on it!
Understanding Linear vs. Logarithmic Charts
🔹When it comes to visualizing data, two chart types stand out: linear charts and logarithmic charts. These seemingly simple charts can reveal powerful insights about trends, growth rates, and relative changes. Buckle up—we’re about to explore their differences and use cases! 📊🚀
What is a Linear chart?
🔹The Price plotted on a graph which we call charts, the price on the Y-axis shown will be consistent and uniformly scaled, which shows more significance to recent price action over old price action.
🔹Linear charts are great for showing absolute changes when each price has similar increments.
🔹Linear charts are easy to understand and you are already using them.
What is Logarithmic Chart (Log Scale):
🔹A logarithmic chart, or log scale, depicts percentage changes, giving a more accurate view of relative movements.
🔹Logarithmic charts are especially useful when analyzing Long-term price data. They can show proportional relationships and percentage changes more effectively.
🔹As time goes by, the difference between linear and logarithmic charts becomes more pronounced. Log scales are often preferred for their accuracy.
On this difference table, you can easily understand the uses and benefits of logarthmic charts.
How to switch to a logarithmic chart?
Just right right-click on the Price scale on the Tradingview chart and you will find log chart.
or you can just hover your cursor at the bottom of the price scale you will see A and L (A - means arithmetic and L- Logarithmic).
Note:- On short-term or recent price action these charts will not make any big difference but surely they impact longer-term data.
Feel free to explore both chart types and choose the one that suits your analysis best! 📊🔍
If you’d like more examples or have other questions, just ask—I’m here to help! 😊🚀
Keep Learning,
Happy Trading.