ADANI ENTERPRISES
- Adani Enterprises was trading in a down channel formation, technical indicates that stock has come out from its down channel formation and can see some sharp moves as long as stock trades above. Adani is currently facing strong trend line support at current level @ 506, this indicates once stock closes and stays above 506 it will favor bulls for next few trading days.
- Intraday close watch once share start trading above 506, if holds above 506 then intraday bulls action is expecting in Adani.
- Suggested Reading - FINPIPE moving up from strong strong support zone , further strength expecting once it closes above its trend line resistance.
- As per graph no2, stock will find strong trend line resistance around 506, 514 and 585, we can see some bullish action once Adani closes above its resistance level. Close Watch.
- If Adani close above 506 and moves up then will find next strong resistance @ 514, and above 514 will find next resistance @ 564 its 161.8% fibonacci retracement, as shown in technical chart no3.
- Click here to see all the free trading reports (tips) published by us on ADANI ENTERPRISES.
- Visit our blog after every 3 hours for Best Intraday Tips .
No comments:
Post a Comment