Travelled a long distance & made recent high 360 from the last Intraday target of 278-280 - Year 2017 Begins
Short Term - Moving above 355 & sustaining above that shall look for 365 as short term target. Where it will enter the zone close to prior high of 375.
Long Term - Once confirmed & we see selling pressure close to prior high zone of 365-375- we shall look for a selling opportunity. Target projections we will come up later once it unfolds as expected. Keep in mind- sharp up move above 375 & dropping back below 375 can act as bull trap.
Post Making small high above 355. It is falling sharply at 347.50.
Only below 340 move will make ports weak in current situation otherwise moving again upside above 355-356 can take it for a new high between 365-375
Fall from 355-356 to 335 is very sharp-impulsive & scary -in coming sessions if it fails to move above 355-356 zone then likely it has formed a top is to be concluded but yes one piece at a time - need to see what it does next.
Closing Price for the day@334
Early in the fall - Hardly spent any time in 355-356 which I was watching keenly for any longs to be created, but it failed & had impulsive fall to 330 day's low & closed at 334.
Our Key Zone is 355-356 -Getting a daily candle of that size & red color could be a hint that Adani ports has put a short term top@359.
We still expect a bounce to see next course of action.
Moving Above gap zone 324-326 & holding with support is what should give some relief to Adani ports as well.
Closed after the fall from 355 to 318
What a fall from 355 to 318- What Next?
Got a jump from 318 to 335 as next
318 Turned Twice- Can 335 - Make it Turn Twice - Yes, it did -we came back to 318.00 again -Wow!- What a solid bottom
Cyclone Katrina at Ports- What Next- Moved again to 331-333 from 318 as of 2nd May2017- Amazing!!!
Picture of the day at 333 Tops