ADANIPORTS: Analysis
Updated
Keep an eye on ADANIPORTS it has been in the range since June.
Expecting a breakout soon in upcoming days. Do take a note of a volume analysis as well.
.
Reason to Buy:
1) In a Range for a very long time.
2) Holding higher levels in Daily, Weekly as well as in hourly charts.
3) trading above 200 EMA line so stock is in Uptrend.
.
Calculate your RR Ratio and then trade. Stop loss must be below Previous immediate swing.
Expecting a breakout soon in upcoming days. Do take a note of a volume analysis as well.
.
Reason to Buy:
1) In a Range for a very long time.
2) Holding higher levels in Daily, Weekly as well as in hourly charts.
3) trading above 200 EMA line so stock is in Uptrend.
.
Calculate your RR Ratio and then trade. Stop loss must be below Previous immediate swing.
Note
Still range Bound but holding higher levels.Note
Still in a parallel channel. Good thing is it is holding higher levels.Note
Still in rangeNote
Into my Watch list Now still in range
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