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
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11:49 Hrs 10th April2017
Last Price@352.50
Port is rising. keep a watch
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11:32 Hrs 11th April2017
Last price@348
Post Making small high above 355. It is falling sharply at 347.50.
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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
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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.
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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.
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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
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18th April2017
Closed after the fall from 355 to 318
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15th April2017 Update
What a fall from 355 to 318- What Next? Got a jump from 318 to 335 as next
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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
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26th April2017 Update
Cyclone Katrina at Ports- What Next- Moved again to 331-333 from 318 as of 2nd May2017- Amazing!!!
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17:51 Hrs 2nd May2017
Picture of the day at 333 Tops
Comments
Harshavardanmsajjan
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@AbhishekHSinghCMT, Sir, Whats next Stratergy in Adaniports sir.? we are waiting for your great analysis ahead on this......
Thankyou...
WaveTalks
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@Harshavardanmsajjan, Thanks. I shall put an update in couple of hours from now.
Thankyou...