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.

Comments

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