ADANIENT
Look at Adani enterprises, its share price more than doubled from May 2022(in a matter of 6 months). From the Covid-19 low, it had moved more than 3600%. Looks like it is ready for another rally
The stock had been consolidating for weeks within the 3800 - 4100 level range( indicated in yellow lines)
So will be watching the stock tomorrow. If it moves above 4100 and sustains above that level it could be a positive sign
But a negative response from RSI (negative divergence) concerns me
But always important to keep in mind that the stock had already been at a higher valuation level.
This analysis is only for study purposes and not any form of stock recommendation
