This is the daily timeframe chart of Adani Enterprises.
The stock is moving within a well-defined parallel channel, with a strong support zone around the 2250–2300 range. After the recent decline, the stock respected this zone and started a fresh bullish rally from the support.
Earlier, the stock formed a negative pattern, which led to a decline, and its target has already been achieved near the support area. From there, the price has shown a strong rebound.
Currently, the stock is trading near the Middle of the channel, where resistance lies between 2520–2540 on the shorter timeframe.
Once this resistance zone is broken, the stock will have no immediate boundary, and the next upward move could extend toward 2800–2850.
If this rally continues and the support zone holds, we may witness higher levels ahead in Adani Enterprises.
Thank you.
The stock is moving within a well-defined parallel channel, with a strong support zone around the 2250–2300 range. After the recent decline, the stock respected this zone and started a fresh bullish rally from the support.
Earlier, the stock formed a negative pattern, which led to a decline, and its target has already been achieved near the support area. From there, the price has shown a strong rebound.
Currently, the stock is trading near the Middle of the channel, where resistance lies between 2520–2540 on the shorter timeframe.
Once this resistance zone is broken, the stock will have no immediate boundary, and the next upward move could extend toward 2800–2850.
If this rally continues and the support zone holds, we may witness higher levels ahead in Adani Enterprises.
Thank you.
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
免責聲明
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@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。