ADANI PORTS POSSIBLE SHORT SCENARIO
STOCK IS AT THE PREVIOUS RESISTANCE LEVEL
THE .786 FIB LEVEL IS IN CONFULENCE WITH THE RESISTANCE LEVEL WHICH MAY RESULT IN SUDDEN DOWN TREND
RSI DIVERGENCE IS ALSO SHOWING SIGN OF REVERSAL
LOOK FOR LOWER LOWS ON LOWER TIMEFRAME BEFORE GOING SHORT
THE .786 FIB LEVEL IS IN CONFULENCE WITH THE RESISTANCE LEVEL WHICH MAY RESULT IN SUDDEN DOWN TREND
RSI DIVERGENCE IS ALSO SHOWING SIGN OF REVERSAL
LOOK FOR LOWER LOWS ON LOWER TIMEFRAME BEFORE GOING SHORT
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