Hard trade on AdaniENT- neckline is too broad

13 Eyl 2024

Is the stock ready to give a solid breakdown again? With such a broad neckline and the inherent volatility of Adani Enterprises post-Hindenburg, traders need to be cautious. This pattern suggests a significant move could be coming, but whether it will break down further or consolidate depends largely on how the market digests both technical levels and any further fundamental developments around the company.