Adani EnterFlag Pattern (read the previous post): Traders tried to breakout but there was market pressure. If market stabilizes, this Flag will breakout. SL is a must. Disc: Tare at your own risk.
ADANIENT trade ideas
AdaniEntr100% gain within a month time. So the Flag Pole fulfills the strict condition of a straight line. Now a perfect Flag is forming at the top. Bears are holding onto 200 Calls. A breakout above this will take price towards 220-5 and the move will be sharp.
AdaniEntBuy 139-40, Trgt 148, SL 2 points (if bought at 139, SL 137).
Rationale: Momentum will increase above 100 DMA (138), Strong OI support at lower levels, 200 DMA (150) is mild resistance.
Please note that MAs plotted on this site are not standard ones.
AdaniEnter, Bullish Shark PatternFirst target of the pattern at D is done, it seems. Now if 200 DMA provides support, bull may become active in this counter. A good investment proposal having SL at 200 DMA.
Adani Enterprises - LongRetest of Cup and Handle Breakout Level
Good risk reward to enter long positions
Adani Ent - Symmetrical Triangle Breakouttake entry above 133 levels (demand zone) w.r.t positive bias from candlesticks.
T1: 140
T2: 158
T3: 170
SL : `126
ADANIENT Target 150++++July Series Target 150++++++++++++CMp 140
high risk Buy 150 Call cmp 1.5 Sl 0 Target 5,7,10
Risky trader only initiate the Adani Call because SL zero
DNA STRATEGIES BUY SIGNALgenerated a buy signal in the ADANIENT
FINANCIAL WISDOM: There really is a Holy Grail, a perfect trading method that generates amazing results. It's called educating yourself..
Adani Enterprises can move further downNSE:ADANIENT CLSA has downgraded its rating on Adani Enterprises BSE -1.43 % to 'sell' from 'underperform' due to continued margin pressures in its mainstay coal trading business and potential write-down at its Carmichael coal venture.
"Coal trading Ebitda for 1Q was less than US$1/t (Rs60/t) - down 76% YoY, with segment profit at three-year lows. ADE (Adani Enterprises) expects that the coal import volumes will not collapse as feared, due to cost benefits for customers near coastal areas ..
One can expect a Accelerated downward movement towards 68 levels before any support comes in and any weakness further from 68 can results in swift movement towards 60 levels
Long - expecting 100Adani Looks good for 100 rally
resistance at 86 a
Support at 74
once it breaches 86, other resistance zone between 89-92
target 100
BUY ADANI ENTERPRISE LONG POSITIONBuy adani enterprises at 72 with a sl of 69 and target price of 84 to 86
ADANI ENTERPRISES SELL SETUPSO FAR SO GOOD KEEP YOUR EYES ON DIS TRADE SETUP ONCE TREND LINE BROKEN WE TAKE SHORT ENTRY IN THIS STOCK. SELL ONLY IF TREND LINE BROKEN .THERE IS THREE TARGETS WHICH MENTION ON CHART.
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TRADE WITH CARE
REGARDS
KING999
