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Technicals for Adani Enterprises Limited
By MusingTheNews
2025-06-13 20:21
Overall Technical outlook
Price Summary
Adani Enterprises Limited's stock started trading at 2591.5 on 2025-06-12, climbed to 2601.8, fell to 2530.0, and closed -1.84% lower at 2543.7, with 954347 shares traded. For the 52-week period, the stock's highest price is 3309.05, and the lowest price is 2096.0.
Technicals
Support and Resistance: The price currently sits at 2543.7, finding support at 2527.55 and resistance at 2613.1. These levels define a range for Adani Enterprises Limited where the price may move, with 2527.55 offering a base and 2613.1 limiting upward momentum. Support/Resistance for ADANIENT
Aroon: The AROON is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Aroon chart for Adani Enterprises Limited
Bol. Bands: The current reading of the BOLL BANDS is neutral for ADANIENT, with no clear signals for an upward or downward trend. This indicates that the market may be in a state of uncertainty, with no dominant force driving the direction. Bolinger Bands chart for Adani Enterprises Limited
Parabolic SAR: The PSAR remains bullish, establishing a key support level that could help uphold the market's upward trajectory. This persistent bullish outlook suggests that the market may continue to rise, with the support providing a foundation for further gains. Parabolic Stop and Reverse chart for Adani Enterprises Limited
Stochastic: The STOCHASTIC is showing a neutral stance, with no definitive indication of an upward or downward trend for ADANIENT. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move. Stochastic chart for Adani Enterprises Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages suggests a bearish trend, but the wavering slopes of the 20 and 50 SMAs hint at a potential shift. This weakening momentum could indicate that the bearish trend is running out of steam, possibly leading to a bullish reversal in the near future. Investors should be aware of the possibility of a market turnaround as the current downtrend begins to falter. Tripple SMA chart for Adani Enterprises Limited
A thorough analysis of a company involves looking beyond its stock price movements and trading patterns. You must also examine its fundamentals, which include profitability, growth prospects, and competitive advantages. Additionally, the industry in which the company operates provides important context, as factors like technological innovations, regulation, and market demand influence performance. By integrating this information with technical analysis, more accurate predictions about the company's future can be made.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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