The bulls have been pushing up the price higher and higher since the drop in March. Currently, the price is moving in an ascending wedge, which may break downwards. Hence, expecting a drop towards the bottom of the channel. Also, the previous Swing Highs have not been retested. Hence, there is a possibility of a drop towards the 360-375. RSI is already in the...
ADANI PORT has tried to break the resistance of 366 multiple times. It has broken the same convincingly. Go Long from here.
#adaniports now its at very crucial zone... Looks like a Diamond, not perfect but similar...one possibility is of completing the inverse Head and Shoulders drawn in blue, however stock is already consolidating at higher levels so inverse HnS is not valid here. That is the reason to draw a Diamond... If it holds 342, it may go up, below 342 it has a confident down...
Adani ports is at weekly support level. We can go long from here with a stop loss of 340 on weekly closing basis.
Adaniport in breakout area ? Data and chart saying itself
ADANI PORTS has been respecting the neckline since 2015. currently testing it again. Awaiting a breakdown or reversal.