Educational Purpose .
please check the following observations on the chart!!!
This is making Higher highs on daily charts from Jan-2020, currently stock is near to it's resistance zone, either it could consolidate or rally further between this resistance and support levels, since stock has made a gapup near to its support zone, which may eventually retrace it. Support and resistance levels were mentioned in chart.
Could witness a Triangle breakout in ADANIPORTS which has a support at 360 levels, if it breaks upside it may reach 420 levels, if it breaks support it may endup testing 340, 320 and 300 levels. watch-out for clear breakout.
ADANIGAS is on upgrade on weekly and Monthly charts and continuously trading above 200DMA. Daily MACD suggests uptrend. RSI is above 60, indicates Bullishness. Stock has broken recent highs with high volume, which is a sign for further rally. Just closed below daily pivot points. it may consolidate at current levels before reaching 200 levels. Target 200 is...
once crosses and closes above the yellow line...one can see bull trend
Educational Purpose.
Educational Purpose.