Adani Enterprises (Weekly Chart) – Range Breakout Analysis

$ADANIENT This is not a classic cup-and-handle. What stands out is a large 18-month consolidation range breakout. Pattern Identified Rectangle / Multi-Year Consolidation Breakout Upper resistance: ₹2,980–3,000 Lower support: ₹1,780–1,850 Current close: ₹3,048 Breakout above a major supply zone that capped price repeatedly since late 2024. The longer the consolidation, the stronger the potential expansion move after breakout. Breakout Quality Bullish Observations ✅ Weekly close above ₹3,000 resistance ✅ Breakout from 18-month trading range ✅ Strong momentum from March lows (~₹1,800) ✅ Multiple higher highs and higher lows before breakout ✅ No significant overhead resistance until previous all-time-high zone This is the kind of breakout institutions often accumulate for months before a trend expansion.