dinvaras7

Adani Ports- Time to Rise up

Long
NSE:ADANIPORTS   ADANI PORT SPECIAL
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.
Comment: There might be profit booking today (26-06-21) may reach 705 and take a support there and then again rise up
Comment: It is forming an Ascending Triangle pattern, which is a good sign for upward movement in 1 hr time frame
Comment: Breakout in 1 hr ascending triangle pattern has been done and nearing first target
Comment: First Target achieved

Comments

Good catch bro.
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