📊 Adani Enterprises Ltd – Strong Bounce from Support Zone
The stock is showing signs of recovery after a sustained downtrend, with price reacting positively from lower demand zones.
🔎 Technical Observations:
• Prolonged downtrend with consistent lower highs & lower lows
• Base formation near strong support zone
• Sharp bounce with bullish candles indicating buying interest
• Price moving above short-term moving averages
• Momentum indicators turning positive
🔑 Key Levels to Watch:
• Immediate Support: ₹2040 – ₹1950
• Major Support: ₹1850 – ₹1780
• Immediate Resistance: ₹2145 – ₹2170
🚀 Upside Targets:
• ₹2170
• ₹2340
• ₹2540+
📉 Risk Scenario:
Breakdown below ₹1950 may weaken the structure and push price towards ₹1850
📈 Trading View:
👉 Stock is attempting recovery after a downtrend
👉 Sustaining above ₹2170 can trigger strong bullish momentum
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊