ADANIENT 21.07.2018 03:50PM

Adani Enterprise stock technical chart in daily time frame has taken the formation of “Megaphone chart” pattern. As the last few sessions’ been bullish in trendending up near the channel’s resistance slope line, where the same expected to continue once the market breaks above a key resistance zone near164. Such a break will increase the possibility of the contract rallying towards 170-180 in the upcoming sessions. Although an alternative scenario indicates that if the resistance holds too strong, then it might retest the same and revise to bearish momentum. A pushback from those level can drag the contract towards 155-142.50 levels. Key support holds at 142.50.

Technical Chart:

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