NeeteshJain
Short

Adani Ports - Indicating Weakness

BSE:ADANIPORTS   ADANI PORTS AND SPECIAL ECONOM
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26
785 10
It is been observed on the daily chart that the price action is forming lower highs and lower lows indicating further weakness ahead.

Target 1: 330

Target 2: 320

Stoploss: 350
May 28
Trade active
May 28
Comment: Dipping strongly, selling and weakness increases.
May 29
Trade closed: target reached: Target 1 reached successfully. Regards
May 29
Comment: Reaching for Target 2, book partial profits at 325 and then 320. Regards

Comments

Hi Neetesh, can you please tell me how do you screen stocks for trade. Thankyou :)
+1 Reply
@Ra_Thor_, I don't do scan or screen stocks while putting some data of analysis instead I scan each stock individually as per sector wise and add alerts on important levels and repeat this practice everyday.
+2 Reply
Neetish sir
I just following ur Cal's
Excellent . Keep it
Jai ho
+1 Reply
NeeteshJain vutukuri123
@vutukuri123, Appreciate your feedback, wish you the best. Regards
Reply
Nitesh, just for understanding..how did u arrive at the conclusion tht price didnt make higher high? it was beginning of the session. it still cld make higher high inlater part of the day rt?
+1 Reply
NeeteshJain kiran.mathewthomas
@kiran.mathewthomas, Good question, It was the selling pressure at higher levels which was indicative of the weakness.
Reply
@NeeteshJain, Thanks Neetesh
Reply
Bravo
+1 Reply
Can we short this again, given its at your resistance level?
Reply
NeeteshJain Lakshminarayanan
@Lakshminarayanan, Yes, you can at current levels with Sl 364 or else you can short once it closes below 350 levels on daily chart for target of 320 levels.
Reply
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