Don't buy unless it triggers.
Here’s a basic analysis based on the candlestick chart:
The stock has been in a downtrend as indicated by the series of red (down) candles.
There appears to be a sharp decline in the most recent periods without signs of reversal.
The lack of green (up) candles indicates sustained selling pressure.
Given the apparent downtrend...
Adani Enterprises (ADANIENT) has shown good recovery and has been in long consolidation since its last burst in May 2023 when Supreme Court granted SEBI Time for investigation.
It has taken a strong support at 2370 -2400 and today it has made a doji right at its support to suggest a reversal. While it is waiting for the next date in Supreme Court, there is an...
I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure...
Adani Ent is ready for the possibke breakout and looking for long opportunity,
Time Period - 1 Week to 1 Month,
so Dont miss any of the Adani Group stock
Trading near support zone 2400-2450.
May bounce back to 2500-2600 levels.
It is just an idea. Trade at your own risk and consult your financial advisor before Trading or investing.
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
For all trade on my Auto Harmonic patterns indicator trade setup -
Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail...
There can be a range bound long trade in the script as it is reacting around the value area.
It will be exciting to add this script in watch list for study purposes.
Sell Adanient 2500PE at 121.00
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my...
There is a lot of Bad News in the market for the Adani Group of Stocks.
NSE:ADANIENT in the past has fallen sharply. They said it was because of bad news but Price Action Traders did predict this downfall before it happened. Because at that time it was too expensive to buy, i.e., called an Over-Bought condition. And this condition triggers a big fall.
After...
A strong fall is detected, continuously from last few sessions...
Now it is near to its trendline...and a strong rise is observed previously...
if price breaks and retest look for sell...
we have a strong rally base rally is observed at 2330-2280 levels may push the price upwards..
keep look at these levels...
Buy on dips , target 3000+
weekly close above 6 months high.
stock outperformed Nifty , technically super bullish, 1 month target 3000
sellers got trap , all bad news factored in stock, lot of foreign funding upcoming
Adani crashed close to 80 % from its peak before it bounce. 1st bounce is impulsive, which generally considered as fake bounce. The geniality of the bounce will will be tested with series of whipsaw movements which we are presently witnessing in this script.
Also in this script we have seen GAP's. GAPS are generally get filled but not necessary, confirmation...
ADANI ENTERPRISE LTD (1D)
CMP 2550.50
Price is consolidating in a narrow range
Ascending Triangle pattern in formation Waiting for breakout
Testing support zone & bouncing from support line
Can move higher from Current Levels
One can consider for Investment for period 3-6 Months
![ADANIENT: [Positional] Adanient Buy Idea](https://s3.tradingview.com/a/aZr17kdp_mid.png "[Positional] Adanient Buy Idea")
![ADANIENT: [Turtle] Sell Adanient ATM Put Options](https://s3.tradingview.com/3/39nBEXrA_mid.png "[Turtle] Sell Adanient ATM Put Options")
