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

463 10
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

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.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
wah guruji.! weldone!
@ashokakbari, Thanks. Finally came to 331 as expected. Done & Out.
This call was great. I had made a mistake by entering at 329 much before your levels of <328. i exited at 332. but next day I shorted at 326 and exited at 320. TKS for yr excellent analysis
@DINESH1961, Always Trade with care.
Katrina to ek bahana hai... Adani KO 318 pe aana tha... Superb landing ... You are genius.
@ashokakbari, Hope you enjoyed the fall.
ashokakbari AbhishekHSinghCMT
@AbhishekHSinghCMT, i enjoyed a lot ... Chalu gaadi se utar Gaya ... But enjoyed it
Hint to buy with s.l. of 317?
@AMBRISH, Yes -it was tripple bottom & Strong Support Zone - Correct
@AbhishekHSinghCMT, Thanks, i waited for update when i saw 318,

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