Adani Enterprises Ltd – Strong Bounce from Support Zone

📊 Adani Enterprises Ltd – Strong Bounce from Support Zone The stock is showing signs of recovery after a sustained downtrend, with price reacting positively from lower demand zones. 🔎 Technical Observations: • Prolonged downtrend with consistent lower highs & lower lows • Base formation near strong support zone • Sharp bounce with bullish candles indicating buying interest • Price moving above short-term moving averages • Momentum indicators turning positive 🔑 Key Levels to Watch: • Immediate Support: ₹2040 – ₹1950 • Major Support: ₹1850 – ₹1780 • Immediate Resistance: ₹2145 – ₹2170 🚀 Upside Targets: • ₹2170 • ₹2340 • ₹2540+ 📉 Risk Scenario: Breakdown below ₹1950 may weaken the structure and push price towards ₹1850 📈 Trading View: 👉 Stock is attempting recovery after a downtrend 👉 Sustaining above ₹2170 can trigger strong bullish momentum ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS 📊