Great Opportunity in Adani Ports [R:R 5:1]
Great opportunity in Adani Ports with favourable risk reward of 5:1
In past 2 month, the stock has seen a sharp sell off due to multiple factor. On analysis the chart, you will observe that after 30% fall - Adani Ports as has taken a solid support at fib .681 and EMA 50 acting as resistance.
Currently stock is consolidating in "symmetrical triangle" with multiple support and resistance (654-710)
If RSI supported with "volume" then ports will definitely generate a significate profit.
It will be advisable to trade cautiously and respect mentioned s/l and target :
Entry : Rs 655, Stop Loss : Rs.625, Target : Rs 800
Disclaimer: Consult your financial advisor before initiating any trade.
In past 2 month, the stock has seen a sharp sell off due to multiple factor. On analysis the chart, you will observe that after 30% fall - Adani Ports as has taken a solid support at fib .681 and EMA 50 acting as resistance.
Currently stock is consolidating in "symmetrical triangle" with multiple support and resistance (654-710)
If RSI supported with "volume" then ports will definitely generate a significate profit.
It will be advisable to trade cautiously and respect mentioned s/l and target :
Entry : Rs 655, Stop Loss : Rs.625, Target : Rs 800
Disclaimer: Consult your financial advisor before initiating any trade.
Trade closed: target reached