Nimish_Ghagare

Swing Trade in Adani Ports

Long
NSE:ADANIPORTS   ADANI PORT SPECIAL
Only for Educational Purpose. Trade at your own Risk.

Enter @ 683, Target 709, 734.9

Reasons for Long above 683

1. On a 2H chart if we draw Fibonacci retracement from point A (lowest swing) to point B (highest swing till now) we see it has made a bullish hammer at 0.382 Fibonacci level.

2. Also around 0.382 Fibonacci level there is a demand/ supply zone . In the month of February 2021, it was facing resistance and then gave a breakout from this level. Now it is testing the same zone and now it is taking the support.

Trade active: Entry triggered on Friday (19 March 2021). Be in the trade.
Trade active: Book partial profit at Target 1. Trail rest for Target 2 by keeping SL as Buy Price.
Trade active: Target 1 Achieved. Book profits. You can hold for Target 2 as well by booking profit partially and keep SL as buy price.
Trade closed: target reached: Both Targets Achieved.
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.