AdaniPorts- Cyclone Katrina at Ports- Falls from 333 to 318

Bang On Target. Cyclones are like that only -they have power to sweep you if proper care & arrangements not made.

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.

What Next?
There is tripple bottom at 318-319 Strong Support Zone & Likely we see Adani ports to move upside to attempt 330-333 Zone again but yes it will be choppy & slow move.

Strong Zone
318-320

Trade active:

10:13 Hrs 27th April2017

Last Price@325

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.

Trade active:

22:22 Hrs 30th April2017

Last Price@327

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.

Trade closed: target reached:

10:35 Hrs 2nd May2017

Last Price@330.50

Day High@331

Bang on Target!!!

Closing current position with a solid bounce from tripple bottom zone 318-319.