ADANIPORTS | An Early Attempt to Capture the TOP

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.

Comment: Important week for the stock.


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