ADANIENT
had formed a symmetrical chart pattern in 1 day timeframe. And had been consolidating from couple of months. currently its is nuetral. Waiting for a clear breakout. If it's gives breakout in upward direction. Then take a long position.
first target Rs 2065
second target Rs 2368
If it's gives breakout in downward dorection. Then take a short position.
first target Rs 1552
second target Rs 1240
And stoploss is must.
Comment:
Adani enterprise has given a breakout in upward direction. After the consolidation from 4 months. But we are not going to take trade It might be a fake breakout because it has not given a breakout with volume . The volume is still low and the 50 moving avreage is sideways. let's see when the trend changes..