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dinvaras7
Aug 25, 2021 5:59 AM

Adani Ports- Time to Rise up Long

ADANI PORT SPECIALNSE

Description

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

Trade closed: target reached

Comments
vasutrades
Good catch bro.
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