Adanient was in uptrend before market correction. It’s broke from 170 to 120 level in market correction but bounce back as soon market showing some positive signal. Adanient take support near 120 level which is its 50% Fibonacci Retracement level and bounce back to 143 level. Last two week Company showing positive uptrend. We believe for next week this uptrend will continue. In Daily Chart its creates Doji Star Pattern which is positive. RSI also improving and right now it is at 53 level. Also showing positive sign. Therefore, we recommended Buy Adanient at current price for the target of 157/165 for coming week.
ENTRY: ABOVE 144
Inputs by Sebi Registered Analyst, Lokesh Sethia
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