ADANIPORTS | An Early Attempt to Capture the TOP

Mar 4, 2021

ADANIPORTS | An Early Attempt to Capture the TOP

• ADANIPORTS gave a Rock On performance as published on 13-JAN-2021 |
  
  | Currently trading above final target of 729 | What Next ?
  
  
• Week starting 22-Mar-2021 is 52nd week from an important low of 203 formed on 23-Mar-2020 | Yearly Time Cycle | Could be a potential reversal zone
  
  
• More precisely, 23-Mar-2021 is the first anniversary date from low of 203 formed on 23-Mar-2020
  
  
• This stock is approaching a very important Gann resistance level of 798 | The bullish run started from 203 level would be completing 7th Gann Price Cycle at 798 | Yes, the Fatal Number 7 !  
  
  
• Week starting 22-Mar-2021 could potentially be a Gann Price Time Square zone as well | Gann angles (1x1) drawn from low of 203 would nearly meet 798 level in the week of 22-Mar-2021
  
  
• Reduced momentum | Indicator Divergence
  
  
• For now, important levels to watch above 798 are 841 / 900 / 915 / 1000 / 1040 | Support levels below 729 are 699 / 649 / 625 / 576 / 512
  
  
• This is not a trade recommendation. Levels would be updates as per the Time and Price actions.
  
  

Mar 23, 2021

Note

Important week for the stock.