14:45 Hrs -27th April2017
AdaniPorts - Down 3% at 320
Previous Update -318 Turned Twice Can 335 make it turn Twice - Fall from 333-318
Today, Indices Nifty- 0.5% up (50 points)at 9365. Sensex -0.69% up at 30150.
Not all stocks follow index which has been proved today by the fall witnessed from 333 to below 320.
There is tripple bottom at 318-319 Strong & Likely we see Adani ports to move upside to attempt 330-333 Zone again but yes it will be choppy & slow move.
Made initial jump Day High at 329. Looking for 333-335 -we are in the trade at 320-321 - well it was perfect reversal at 318-319 Tripple Bottom.
We entered in the buy call @320-321 - We shall keep stop below 321 to lose nothing in the trade or book partial profits if it starts trading below 325.
Bang on Target!!!
Closing current position with a solid bounce from tripple bottom zone 318-319.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ