ADANI PORT -- HOURLY CHART -- INTRADAY SETUP --09/05/2022
1. stock seen at oversold line at hourly chart , most possibilities bounce back from this level as seen on chart wave trend seen move upword.
2. Resistance line as well as trend line intersect the point where stock close at last trading session sub 812 level
3. breakout of resistance line and trendline will be above 813.50 level stock will be seen upside movement near term
4. strong support seen around 800-810 level whereas resistance seen around 840-850 level
BUY ADANI PORT intraday above 813.50
TARGET 825-835
stop loss 795
&& THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk
HAPPY TRADING. !!
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9.05 am -- 09/05/2022
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since nifty open gap down 150-200 points we will change our stretegy to buy at support 800-810 target 825-830 stop loss 790
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bought @ 799 9.18 am
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revised stop loss 785
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nifty seen resistance around 16400 intraday
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about todays intraday trade : at opening gap down 200 more points, trade setup has spoiled and stretegy change from buy above 813 to buy at support near 800, the bought at 800 stock went from there around 805 partial profit booking opportunity, nifty at resistance 16400 then stock fall in line with nifty bellow 795 stop trigger.
OVERALL TRADE IS NOT UP TO THE MARK today . !! 09/05/2022 --
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acceptance of failure will increase hunger of success !!
Don't worry if trade fail.... But Thanks for Sharing view on ADANI
champtrade111
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@Chandresh_T, thanks. yes some time our planned trade setup disturbed by gap up - gap down that too more then 150 Points spoiled the trade, anyways this is nature of our market due to high volatility and we have to cope up with it. ! and its challenge actually to come out with success and i like it.
But
Thanks for Sharing view on ADANI