Adani Enterprises trying to breakout out of the consolidation phase. If the next two candles are green, expect major upwards momentum. If it fails breakout, it will come back in consolidation rectangle again. Adani gas is also trying to breakout highs, but getting rejected in last 2 days.
Comment:
Adani Ent tried to break out in last few days, but failed. Momentum seems to be bullish, I believe it will keep trying to breakout that strong resistance level.
Comment:
Still consolidating sideways, volume relatively. Can break out or break down if its breaks up or down from consolidation channel.