Adani Enterprise is looking bullish for a positional trade. Above 305 price can move with momentum. Confirmation can a bullish upthrust candle which breaks out of the larger range or above 305, with volumes>100 DMA volumes. The overall structure inside the range is bullish and the explanation for that is given on the chart. Any queries or criticism are welcome!
I am not a SEBI registered investment advisor and hence do not follow my analysis blindly.
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Stock market is risky and you can lose a lot of your capital.
Be wise and trade carefully!
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