ADANIPORTS – Rising Channel Consolidation Near Resistance (1H)
Adani Ports has recovered sharply from lower support and is now trading inside a short-term rising channel. Price is compressing just below a key horizontal resistance zone.
Structure:
Strong bounce from major support
Higher lows forming
Ascending channel intact
Multiple rejections near horizontal resistance
Trade Plan:
Bullish Scenario:
Entry: Sustained breakout above horizontal resistance
Stop Loss: Below rising channel support
Targets:
T1: Recent swing high expansion
T2: Measured move of channel height
Trail after T1
Bearish Scenario:
Breakdown below channel support
Target: Mid-range / previous swing low
Key Level: Horizontal resistance + upper channel boundary.
Breakout confirms continuation. Rejection may lead to pullback.
Maintain strict risk management.
Structure:
Strong bounce from major support
Higher lows forming
Ascending channel intact
Multiple rejections near horizontal resistance
Trade Plan:
Bullish Scenario:
Entry: Sustained breakout above horizontal resistance
Stop Loss: Below rising channel support
Targets:
T1: Recent swing high expansion
T2: Measured move of channel height
Trail after T1
Bearish Scenario:
Breakdown below channel support
Target: Mid-range / previous swing low
Key Level: Horizontal resistance + upper channel boundary.
Breakout confirms continuation. Rejection may lead to pullback.
Maintain strict risk management.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.