Rising Channel+RSI Divergence=Reversal Setup in Adani Enterprise

Hello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought a setup in Adani Enterprises, where we’re spotting a short-term reversal opportunity inside a clean rising channel. Price recently tested the channel support for the 3rd time and gave a solid bounce, which is also confirmed by a bullish RSI divergence. This combo often works as a reliable early reversal signal for positional or intraday swing traders. Here we are expecting at least 4%+ move behalf of this setup.

This trade is completely logic based so i placed Stop loss around 2461 for controlled risk. for the targets please check the chart above i have mention there.

Reward-to-Risk Ratio looks favorable here, especially with clear trend structure and momentum support from RSI. Let’s see how this setup plays out!

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Disclaimer: This post is for educational purposes only. Do your own research or consult a financial advisor before investing.