ADANI PORTS PRICE ACTION ANALYSIS.
Updated
Adani ports' price has corrected a long way and now it is near the breakout zone. If the price sustains above the 762 level then it can go near the supply zone.
There are 2 scenarios here,
1. Go long if the price breaks out at the 762 level.
2. Go long near the demand zone, if the price gets rejected from the 762 level.
This demand zone must give good support to the price. So, place your stop loss below this.
All the levels and zones are mentioned on the chart.
Happy trading :)
This is just for educational purposes.
There are 2 scenarios here,
1. Go long if the price breaks out at the 762 level.
2. Go long near the demand zone, if the price gets rejected from the 762 level.
This demand zone must give good support to the price. So, place your stop loss below this.
All the levels and zones are mentioned on the chart.
Happy trading :)
This is just for educational purposes.
Trade active
almost reached booking zone, keeping trailing until it closes below 760
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