STOCK : ADANI ENTREPRICES
CMP : 2490.50 (12/06/2023)
ABOUT : Adani Enterprises Limited is an Indian multinational publicly-listed holding company and a part of Adani Group. It is headquartered in Ahmedabad and primarily involved in mining and trading of coal and iron ore.
TECHNICAL ANALYSIS CHART 👇(1HR TIME FRAME ).
(CLICK ON ABOVE IMAGE FOR CLEAR CHART VIEW)
OBSERVATION:
The stock has created a FLAG & POLE PATTERN on 1HR time frame consolidating in range and ready for breakout if stock gets breakout above 2500 we may expect further (25-30%) up side rally for short term to long-term.
How does FLAG AND POLE PATTERS WORKS (CLICK HERE)
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Note : It's important to note that the is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions
Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation to buy or sell. Please consult your financial advisor before taking any financial decision.
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