Is Adani ready for big price move over next one month? Technically – It appears so
Here’s the Chart
As you can see in the chart above – Adani Enterprises made a big PV surge today. Generally such kind of price action has the ability to generate atleast temporary turnaround in the stock. Over next 4 weeks – there is a good possibility that stock may rally to 200 dma i.e. 344.
What does this mean?
Have a Bullish Bias on the stock and look for tradeworthy mean reversion move to 200 dma. Please do your own due diligence before trading..
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Today’s low should be used as stop loss…