My view explained in the Text on the chart.
Although AdPo results were not that great, the stock has its own momentum. This week's moves in it will tell us a lot more on future price movements.
Although AdPo results were not that great, the stock has its own momentum. This week's moves in it will tell us a lot more on future price movements.
Trade active:
Today AdPo made a day high of 751.90 (but got adjusted to 748.45 upon closing). I'll take that as Bulls having made their commitment. This brings into view our targets 777/792. If you notice W pattern will be active at 780 levels which is around first target of 777. The pivot point super trend line below shows a bit of green finally pointing to short term bullish trend.
This is not a reco for trading. I am not a SEBI regd. analyst. Trade according to your risk management. If you enjoy chart watching with me, pls click Thumbs Up. I invite educational comments from more experienced traders. Jai ho!
Today AdPo made a day high of 751.90 (but got adjusted to 748.45 upon closing). I'll take that as Bulls having made their commitment. This brings into view our targets 777/792. If you notice W pattern will be active at 780 levels which is around first target of 777. The pivot point super trend line below shows a bit of green finally pointing to short term bullish trend.
This is not a reco for trading. I am not a SEBI regd. analyst. Trade according to your risk management. If you enjoy chart watching with me, pls click Thumbs Up. I invite educational comments from more experienced traders. Jai ho!
Trade active:
So far AdPo is respecting our trendline so the view stays bullish. Such are the effects of a highly volatile market. Today as I write this, it has hit a low of 713.40 but what matters is the daily close. Getting curiouser and curiouser :))
Trade active:
On Friday, AdPo closed below 728 and entered bear territory as per our analysis. Today as I write this it is trading near our first target of 696. Let's see how low it can go from here on.
Trade closed: target reached:
AdPo hit, well almost, 669 that is 3 bucks from our 2nd target. Case closed. Below the trendline, more pain is coming I feel.