Adani enterprises on daily chart indicating exhaustion of demand.
As prices moving higher price ranges are getting shorter and volume is increasing. This may be a indication of less demand and supply on the verge of overtaking whatever demand left in this counter.
Swing and short term trader must be cautious now any closing below 1210 may take...
Adani Enter Prisis has come up with best intraday setup for friday 23 octobar 2020 look at the set up it has been in a cansolidation manner from last two days and it high time it is just ready to blast and give a great return on your investment in intraday. NSE:ADANIENT
adani enter prisis is good stock belonging to adani group having a good amount of liquidity...
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Here we go,
As you can see in the chart at upper-Value Area price is rejected by 2 nd time with strong showing rejection by pinbar that's goods sign of being reversed from this area You can short below arrow line at 146 for Target toward...
Daily chart of adani enterprises suggesting that stock is near breakout, and on intraday timeframe,if it sustains 140 levels, stock can move towards 150 levels.
Stop is at 138 levels
Please do not follow blindly, do your own research.
Its already 29% up in a single day without reason we can say that it just drove up with the movement of nifty and will correct itself in next trading session.
Sell Below 149.80 target = 147.80, 146.80 401. SL = 152
Buy above 154.95 Target = 157,159, SL = 153.10
Breakdown on descending triangle, Sell: 2543; Target: 2224; SL: 2700
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.