Adani Enterprises (NSE: ADANIENT) is attracting technical traders by showing Strong Uptrend in Daily time frame. the stock surged past a key resistance zone, indicating renewed bullish momentum. Let’s break down the 3 breakout signals that suggest Adani Enterprises could be heading higher.
Adani Enterprises Daily Analysis: 3 Breakout Signals to Keep on Your Radar
1. Triangle Breakout:
- The stock was forming an ascending triangle, a bullish continuation pattern.
- It has just broken out above the resistance zone (~₹2,600–₹2,620), with strong bullish volume.
2. Volume Confirmation:
- The breakout is supported by a significant rise in volume (4.05M) – a key confirmation for genuine breakout strength.
3. Price Above 50 SMA:
The price is trading above the 30-day Simple Moving Average (SMA), indicating ongoing bullish momentum.
4. Strong Candle Close:
Today’s candle closed at ₹2,646.30 with a +2.32% gain, suggesting strong buying pressure.
Target & Stop Loss (Swing Trade Idea):
- Short-term Target: ₹2,750 – ₹2,850
- Medium-term Target: ₹2,900+
- Stop Loss: ₹2,580 (below trendline and breakout zone)
⚠️ Risk Note:
- Market-wide correction or profit booking can temporarily pull it down.
- Always use position sizing and stop-loss to manage risk.
Disclaimer :
The opinions and tips shared on Namosbull.com are for educational purposes only and reflect the views of individual experts. Trading and investing in financial markets involve risk. Please consult a certified financial advisor before making any investment decisions. Namosbull.com and its team are not liable for any financial losses incurred based on the content provided. so this is my Adani Enterprises Daily Analysis: 3 Breakout Signals to Keep on Your Radar
this is my Adani Enterprises Daily Analysis: 3 Breakout Signals to Keep on Your Radar article
