Mur_Att

Adani Ports - at a juncture

Long
NSE:ADANIPORTS   ADANI PORT SPECIAL
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9
An ascending triangle on the shorter timeline. Flag/ Pennant on the longer timeline (lowering volumes).
RSI breakout already done, so expecting upsides.
Any move above 280 means 320-325 expected | just in case it moves below 270 would expect 240-ish
Trade closed manually: Arghh .. this one moved opposite and now has almost achieved the target.

Comments

sir, for what reason we can't avg here and keep hold in cash?
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What is that line on RSI?

Thanks.

#JustForLearningPurpose #NewToTechnicalAnalysis
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Mur_Att QuestionMode
Thats a Trendline on RSI, same as we draw on Candles. It shows that RSI has already broken out from the falling formation - so we assume that the stock is a bit strong - and therefore am looking at upsides.
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Learned something new. Thanks for the reply.
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