February 7, 2020 at 9:19 PM #238078Nitin BhatiaKeymaster
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Adani Enterprises Technical Analysis suggests a bullish trend in the price action strategy. It was under long consolidation and it gave breakout. After that, the stock formed a flag pattern. A flag pattern is a continuation pattern i.e. in the case of Adani enterprises, it suggested the continuation of a bullish pattern. Currently, the stock is trading in an upward-pointing bullish channel.
The divergence analysis suggests that Adani enterprises have formed a bearish divergence pattern. Therefore, it is bearish. The option chain analysis of the Adani Enterprises Technical Analysis suggests a bullish view. The reason being, call writers are closing their positions i.e. they think that the stock will not move down and is expected to remain bullish.
The FII analysis suggests that the FII’s are investing in the airport services sector and airports is the key line of business for Adani Enterprises. As per my analysis, the FII’s invested in the Adani Enterprises.
The price, volume and delivery % analysis suggests that the turnover is increasing and the deliverable quantity is also increasing. Even though the Total Traded Quantity to No of trades ratio does not suggest any smart money involved in the Adani Enterprises. However, you can easily conclude that from the data. Also, this stock does not correlate with the Nifty movement.
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