Swing Opportunity in Adani EnterprisesRefer the chart for Entry,Target and SL.
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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ADANIENT trade ideas
Demand zone in Adani EnterprisesA demand zone in Adani Enterprises stock chart represents a price level where strong buying interest is likely to emerge, halting declines and potentially reversing the price trend. This zone is identified by historical support levels, increased trading volumes, and bullish candlestick patterns. When Adani Enterprises price approaches this zone, it indicates a potential entry point for traders expecting a rebound.
#DemandZone #BestTimeToBuy #Shortterm #Swing
IS THERE SOMETHING THAT WE DO NOT KNOW?!Two most popular names under Modi regime are forming bearish patterns. Obviously we are over 25 days away from results. Maybe there is some smart money play here and this fall is to trigger retailers to sell and they make their long positions here. I have already shared about a possible double top on Nifty. Breakdown is far away. Why I feel this is more of smart money play because markets have fallen in decreasing order on all three poll dates so far. Will not be shocked if we see a pattern. They are active, it's visible as Nifty closed point to point there where it closed yesterday. 0.00 points move. Markets are forward looking but isn't it just too early as elections have just reached halfway mark. NSE:RELIANCE has broken down and even re-tested, bouncing off a support, will be exciting to see how it next week. NSE:ADANIENT has also broken down. It is really going to be very exciting to see where these stocks head from here and how will the Nifty perform.
ADANIENT short @2874.65though weekly charts are in an uptrend, prices took resistance from weekly VAH of massive fall in the stock
on daily charts it has formed Head & Shoulders pattern
RS has became negative
RSI below 40
can be shorted at 2874.65 with SL above 3000 on closing basis
Volumes are also strong on breakdown
Cycle wave 3 on going with eventual target of 6000+Cycle Degree:Yellow
Primary:White
Intermediate:Orange
Minor:Blue
Currently we are in Cycle degree wave 3 which started from 2013, of which we have surpassed 161% extention target,hence next target of 261% extention is coming at 6259.
As can be seen this cycle wave 3 has been sub divided in 5 intermediate impulsive waves shown in white.Currently on intermediate degree we are also in wave 3 of which 261% extention target is almost achieved at 4190.Hence it seems price wise we have achieved targets of primary wave 3,but structurally we are yet to finish with 5 intermediate wave which would complete primary wave 3.
On zooming in on lower degree it seems like we are in intermediate wave 4 of wave which minor wave A(blue) is done and current raise from Feb 23 is minor wave B of intermediate wave 4.As it is sustaining above 61% retracement level of wave A(not shown here) next level on the upside of 80% is coming at 3400 odd levels.
Hence to conclude on shorter time frame one can go long for an upside target of 3500 from cmp of 3078 with a stop-loss of 2900 on the downside.
Disclaimer:This are just my views on the stock,no position should be taken solely on its basis,posting this just for my future reference.
Investment Gem: (Adani Enterprise) Set to Soar 20-25%!ADANI ENTERPRISE:
Swing Targets: 3900/400
Long Term: 6000
Company Background and Work:
- Founded by Gautam Adani in 1988, Adani Enterprises Limited is a conglomerate within the Adani Group.
- Core sectors: Energy, infrastructure, logistics, agribusiness, real estate, financial services, and defense.
- Evolution into a leading player in India's business landscape.
- Core businesses: Trading, coal mining, renewable energy generation, agribusiness, and logistics.
- Trading: Started with agricultural commodities, diversified into coal, oil, gas, edible oils, and metals.
- Global presence with trading offices in key markets.
- Coal Mining: Among India's largest coal mining companies, meeting energy demands for various industries.
- Renewable Energy: Active investment in solar and wind power projects, contributing to clean energy transition.
- Agribusiness: Strong presence in sourcing, processing, and trading of agricultural commodities.
- Operations include grain silos, storage facilities, and processing plants.
- Logistics: Operates ports, terminals, and transportation services facilitating trade domestically and internationally.
- Adani Ports and Special Economic Zone Limited (APSEZ) is a major subsidiary.
- Other Businesses: Real estate development, financial services, and defense manufacturing.
- Diversified business interests strategically leveraged for growth and profitability.
- Contribution to India's economic development, infrastructure, and energy security.
- Commitment to innovation and sustainability in shaping India's future economy.
--------------------------Fundamental Analysis
- Shareholding: Promoters' holdings 72.61% as of December 2023.
- Financial Performance: The company has sustained profitability over the last 2-3 quarters, with earnings averaging between 136977 crores per quarter.
--------------------------Technical Analysis
- Ready to Break .618 Fib level.
- Bullish Flag pattern.
Above 50 Moving Average.
Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary.
Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses.
A welcome corrective move!!Adani Enter- CMP 3122
Generally the fall like the one in this counter consolidates for years before it moves up. The sharp rise in this counter is telling me the correction is on. This is the B leg of the correction which is a zig zag and has two potential tgts one the previous high at 3875 and the other at 4941. The crash will come post that which will be the C leg.
Tomorrow adani enterprises will blast buy given 2200 nearOn 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
Adani enterprise will go above 4000 + many buy given 2200-2300 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
ADANI ENT might give a good momentumADANI ENT looking good with small Stoploss and a decent target
ENTRY : 2925 or after closing or sustaining between 2920-2925
Stoploss : 2872-2875
Targets at : 3000, 3020, 3050++
Note: if any trade or value has gone from the place we decided to enter then thats not our trade wait for it to come back or let it go
I am not sebi registered this is my personal view