Adaniports - 4 years break 300 points move
Price was trying to break the resistance levels for at least 4 years and finally succeeded in 2021 and look at the powerful move of 300 points after the breakout.
One can notice before the breakout there was a pattern break as shown in the analysis which was very strong with big momentum.
Once it reached the 4 years resistance then the momentum slowed down and price comes down to retest the breakout level and moves up dramatically. ( One cannot expect retest always )
Follow up.
One can notice before the breakout there was a pattern break as shown in the analysis which was very strong with big momentum.
Once it reached the 4 years resistance then the momentum slowed down and price comes down to retest the breakout level and moves up dramatically. ( One cannot expect retest always )
Follow up.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.