ADANIENT for shortterm and longterm. Adanient again on buying range. Breaking on Traingle pattern. Bullish flag pattern.
S/L- 1460, Target 1721, and 2040
ADANIENT trade ideas
Adanient - Elliott wave analysis - ABC correction It is in sideways correction of B wave as expected in earlier updates. At current level, either it finished the B wave as complex sideways correction as wxy as trucated correction or it may possible that it is forming triangle before next wave C down. The C wave will probably confirms below 1332 and can go down below 1080 level.
Adanient - Elliott wave analysis - ABC correction Adanient is in sideways complex B wave correction and can go up to 1600-1635 zone before it will end it and start moving down for C leg. Above trend channel of abc move (last leg) it can go up to mentioned level of even slight higher. If it failed to go above W wave high of B, then there is a possibility of triangle as B wave.
Can we take long trade in ADANIENT now?ADANIENT had given brekaout from descending triangle pattern few days ago but the breakout momentum was not so great. Last trading day this scrip had moved up by 7.2% with some good volume. So if you have missed the breakout is this a right time to enter this scrip again? I would say no, because now this scrip is nearer to supply zone and also if you long now your Stop Loss would be deep, the most preferable Stop Loss is that candle low which is 7.2%
So if you are ready to take that much risk then you might scalp and may book your profits at supply zone. If the scrip was very bullish, then you may take another long position near Supply zone and have your Target at All Time High.
ADANIENT LONG INTRADAY 5 JUL,2021Dear trader,
If u look at the chart of ADANIENT (analysis based intraday only) the ADANIENT Buy at 1440 and Target at 1465
Best Buy at 1435.
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
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