imkhushal

ADANIPORTS is near Buy zone

NSE:ADANIPORTS   ADANI PORT SPECIAL
Fact on ADANIPORTS:

1. It is in 4th wave of Elliott wave (weekly chart)
2. It has well respected all fibonacci ratios (retracement as well as extension)
3. Wave 1 was a diagonal and 3 extended to 1.618x of 1.
4. Wave 4 has retraced to 38.2% of wave 3 and making "ABCDE" pattern.
5. Let the pattern complete and investment may be made around 655-665 levels for good targets.
6. Wave 5 targets are taken from 38.2% of wave 3 to 61.8%. (minimum would be 900)

Please support my analysis, if you really liked it please hit the like.
(This is not a trade advice at all.)

Regards