Adani Enterprises is showing a Flag Pattern formation on daily/ hourly charts. Such setups take time to materialise. But, when they do complete and the price breakout sustains, targets are really sweet!
Flag Pattern - targets are usually the width of the flag followed by the length of the pole. SL post breakout is the lower end of the flag. At the current stage, the prices are yet to give an entry signal.
PS: Adani Ent is a VERY HIGH-RISK scrip, please be extremely vigilant while trading in this scrip.
Flag Pattern - targets are usually the width of the flag followed by the length of the pole. SL post breakout is the lower end of the flag. At the current stage, the prices are yet to give an entry signal.
PS: Adani Ent is a VERY HIGH-RISK scrip, please be extremely vigilant while trading in this scrip.