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Stock analysis Adani Enterprises Limited ADANIENT

More indepth analysis on MunafaSutra.com

Moving Averages for Adani Enterprises Limited

  • 5Day Average: 3049.83
  • 12Day Average: 3057.42
  • 20Day Average: 3119.02
  • 50Day Average: 3165.95
  • 100Day Average: 3084.87
  • 150Day Average: 2842.62
  • 200Day Average: 2754.84

ADANIENT Indicators & signals

Indicator MACD (12,26,9)

3070.19, 3105.99, -26.19
Indicator MACD is in negative zone

Indicator ADX (14)

39.27, 11.57, 26.54
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 47
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ADANIENT Adani Enterprises Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
03 Fri May 2024 2993.25 2975.10 to 3045.00 -1.52% 1.17 times
02 Thu May 2024 3039.60 3015.05 to 3119.85 -0.49% 1.77 times
30 Tue Apr 2024 3054.70 3045.00 to 3108.45 -0.86% 0.64 times
29 Mon Apr 2024 3081.20 3051.50 to 3110.50 0.03% 0.52 times
26 Fri Apr 2024 3080.40 3066.05 to 3129.90 -1.12% 0.53 times
25 Thu Apr 2024 3115.25 3025.65 to 3120.90 2.36% 1.21 times
24 Wed Apr 2024 3043.55 3040.00 to 3087.85 -0.7% 0.48 times
23 Tue Apr 2024 3065.10 3043.10 to 3091.00 0.06% 1.32 times
22 Mon Apr 2024 3063.35 3025.00 to 3077.50 1.2% 0.79 times
19 Fri Apr 2024 3026.95 2962.50 to 3057.05 0.25% 1.38 times
18 Thu Apr 2024 3019.30 3008.30 to 3145.00 -2.8% 1.36 times
16 Tue Apr 2024 3106.40 3100.00 to 3149.20 -1.3% 0.9 times

Technical analysis forecast for Adani Enterprises Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Adani Enterprises Limited ADANIENT at this time. Stock is falling and might fall more.

It appears as if Adani Enterprises Limited ADANIENT gave a large move recently.

Stock of Adani Enterprises Limited (ADANIENT) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Adani Enterprises Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Adani Enterprises Limited stays below 3012.5, but if it comes above 3012.5, then a intra day buy could be more profitable.
If you take a sell trade below 3012.5, then use 3012.5 as stoploss and 2914.3 as target. However if you take a buy trade in Adani Enterprises Limited, then use 3012.5 as stoploss and 3094.31 as target.

More indepth analysis on MunafaSutra.com