AbhishekHSinghCMT
Short

AdaniPorts - What a fall from 355 to 318- What Next?

NSE:ADANIPORTS   ADANI PORT SPECIAL
435 7 14
Ports had an impulsive fall from 355-356 zone to 318.30 recent low in last trading session- all updated in interim updates on the previous post.

Previous Update - How far it can go in 2017


Yet again 355-356 zone, which was identifed as crucial zone - It failed kissing that zone & selling pressure was visible in the counter.

Short Term Chart
snapshot


Trading Strategy
317-320 looks good support zone & once it starts moving above gap zone of 324-326- likely push gets extended to 335-340 where I will have to check again whether selling can be taken in the bounce zone.


Trade active: 11:12 Hrs 18th April2017

Last Price@332

Wow! - What a support in 317-320 -Awesome

snapshot
Trade active: 13:40 Hrs 18th April2017

Last Price@325

Falls from 335 as expected

snapshot
Trade closed: target reached: 13:41 Hrs 18th April2017

Last Price@325

Up & Down - 10 Points bounce to 335 & fall 10 points to 325 - Done & Out.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Trade active: 13:40 Hrs 18th April2017

Last Price@325


Trade active meaning u took Sell???
Reply
@piptamil, Yes, it was suggested in update above, but did not update, when it reached at 335.
Reply
piptamil AbhishekHSinghCMT
@AbhishekHSinghCMT, Thank you Abhishek
Reply
@piptamil, Thank You.
Reply
superb !! I missed it .
Reply
Perfect Abhishek
Reply
@piptamil, Happy Weekend
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