Adaniports -How far it can go in 2017

Last Price@348

Travelled a long distance & made recent high 360 from the last Intraday target of 278-280 - Year 2017 Begins

Trading Strategy

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.

Trade active:

11:49 Hrs 10th April2017

Last Price@352.50

Port is rising. keep a watch

Trade active:

11:32 Hrs 11th April2017

Last price@348

Post Making small high above 355. It is falling sharply at 347.50.

Trade active:

11:36 Hrs 11th April2017

Last Price@349

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

Trade active:

12:25 Hrs 11th April2017

Last Price@337

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.

Trade active:

17:38 Hrs 11th April2017

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.

Trade active:

13:54 Hrs 13th April2017

Last Price@322

Moving Above gap zone 324-326 & holding with support is what should give some relief to Adani ports as well.

Trade closed: target reached:

18th April2017

Closed after the fall from 355 to 318

Trade active:

15th April2017 Update

What a fall from 355 to 318- What Next?
Got a jump from 318 to 335 as next

Trade active:

21st April2017 Update

318 Turned Twice- Can 335 - Make it Turn Twice - Yes, it did -we came back to 318.00 again -Wow!- What a solid bottom

Trade active:

26th April2017 Update

Cyclone Katrina at Ports- What Next- Moved again to 331-333 from 318 as of 2nd May2017- Amazing!!!

Trade active:

17:51 Hrs 2nd May2017

Picture of the day at 333 Tops