after this 60% recovery from the bottom many retailers got excited about Adani enterprises and had made position in Friday market, if you are also among them than read this article carefully. let me give an case study of Vedanta last year in the month of May Vedanta fall by 25% within 8-10 trading session it than started consolidating, for some days in ascending...
well no doubt after the heidenbergs report there was a huge fall in adani stocks , so does that mean you should sell your entire stake in adani stocks lets discuss 1) see it was an open secret that adani stocks were overvalued, a much needed retracement was required for building new position, this opportunity came in the form of heidenberg report 2) after this...
on weekly chart this stock is moving in some what triangular pattern as soon as it reaches the resistance level it directly falls downs to support level and vice versa but this time it has not fallen and instead it is moving in parallel channel pattern. on daily as well as 2H time frame it is moving it is moving on ascending triangular pattern either way this...
catch this rocket before it leave the base all patterns have been broken on small time frame all time high with breaking the trend
see the chart on big time frame for more clarity target-2500/ 2600/ 2700 4th reason see the pattern
combination of this 4 trend at a time will give a great return
chart itself says buy me 5 buy reasons mentioned in previous published chart
5 reason mentioned in chart 6reason broke resistance r1 on pivit points
minimum target 20% after that start trailing reason being all time high
see the chart and make your decision target 200-220(minimum 41%) 7th reason complete auto sector has taken support in megatriangular pattern