AdaniEnt may see some resistance at 240.25, above that if sustained on 5min charts then can be considered for going long on the stock for both long as well as short horizon. Target for that will be 244.15 followed by 248.10 and 252.05. Also anyone considering buying for longer period should note that there be a resistance at 252.05 and it is advised to book around that level.
On the short side a trade can be taken around 228.55 with target of 225 followed by 217.65 and 206.75. However if someone wants to take aggressive short then can consider to take short position at 240 with very tight SL of 244.5.
p.s. My personal view is BULLISH on AdaniEnt but will trade as per my given levels only. Kindly do your own research as per your own risk.
DM me for detailed levels with further explanation.
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