Adani Ports- Time to Rise up
Updated
After a consolidation period of 2 Months (from June 21 to August 21) forming a Equilateral Triangle, it has broken the triangle with good bullish candle. If the candle closes above the triangle in DTF, I would enter the trade in long side.
So, my Entry would be at 710,
First target at 750 (because of resistance)
Second target would be at 820.
Please trade at your personal risk, after analyzing the chart yourself.
So, my Entry would be at 710,
First target at 750 (because of resistance)
Second target would be at 820.
Please trade at your personal risk, after analyzing the chart yourself.
Note
There might be profit booking today (26-06-21) may reach 705 and take a support there and then again rise upNote
It is forming an Ascending Triangle pattern, which is a good sign for upward movement in 1 hr time frameNote
Breakout in 1 hr ascending triangle pattern has been done and nearing first targetNote
First Target achievedTrade closed: target reached
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