A short term positional trade can be taken based on the recent breakout in ADANIENT scrip.
Volume consolidation is observed in DAILY charts for quite some time now and recent breakout in daily and weekly chart may continue in further trading sessions.
BUY above 1655 with Stop Loss 1589 below and first target around 1710.
A further breakout above 1715 with good volumes can take ADANI ENTERPRISES above 1800 level.
Happy Trading!
Volume consolidation is observed in DAILY charts for quite some time now and recent breakout in daily and weekly chart may continue in further trading sessions.
BUY above 1655 with Stop Loss 1589 below and first target around 1710.
A further breakout above 1715 with good volumes can take ADANI ENTERPRISES above 1800 level.
Happy Trading!