‹ All Posts
RA Anupam Bajpai

26th Jun 2025 · SEBI-Registered Analyst

After undergoing a sustained downtrend,

ADANIENT
has recently shown strong signs of a trend reversal. On 19th and 20th June 2025, the stock formed a candlestick reversal pattern, suggesting a possible bottoming out. This pattern was confirmed on 23rd June 2025, with a bullish follow-through, strengthening the case for a shift in market sentiment. Today, on 26th June 2025, the stock delivered a significant technical development by crossing above its 200-day moving average (200-DMA) and giving a strong closing above it. This is widely regarded as a bullish signal, marking a potential change in the long-term trend. Adding to the bullish outlook, a positive crossover between the 5-day and 20-day moving averages has been observed. This crossover in an upward direction typically indicates building momentum and often precedes sustained price appreciation. Technical Insights: Candlestick Reversal: The pattern formed on 19–20 June was followed by confirmation on 23rd June, suggesting buyers are regaining control. 200-DMA Breakout: Closing above the long-term average signals a shift toward bullish territory. Moving Average Crossover: The 5-DMA crossing above the 20-DMA further supports the upward trend and could attract momentum traders. Short to Mid-Term Target: ₹2660

#TechnicalViews#WatchOutFor#EquityResearch
Screenshot 2025-06-26 231524.png
535 likes·45 comments