1) On 1 day time, we can see it is at interesting range. Breakdown of this range will give down move and if it gets support from this range then we can see up move.
Please refer below chart : 1day Time Frame.
Trade Setup for 18-01-2022
1) On 1 day time frame, we can see that it open above 200DMA and took support from it and sustain above it.
200DMA is placed at 736.60 level.
Please refer below chart : 1 day Time Frame.
2) On 1hr time frame, we can see the parallel support channel, breakdown of it will make it ready...
Adani Ports & SEZ Ltd - 10.12.2021
The stock is trading @ 767 levels
There is a strong resistance @ 771 levels
Stochastic is overbought
Prices are above ema
Stock is under a channel range, waiting for breakout
watch out for the price action
Adani Ports & SEZ Ltd - 06.12.2021
The stock is trading @ 723.45 levels
There is a MACD Bullish Divergence in Weekly Chart
Prices are at EMA
Stochastic is oversold in Hourly Chart
The stock is trading under a channel range
Watch out for the price action
1) On Daily time frame, it gave breakout of 21DMA. If it sustain above it then we can see upmove.
Major breakout level to watch now is 760 level. Sustainable breakout of 760 level will give good up move.
Please refer below chart : 1 day Time Frame. ...
I am posting this chart on request from one of the follower on Twitter.
1) On daily time frame, we can see it has been trading below 200DMA and facing resistane from it.
Which is a bearish sign.
It has to break and sustain above 200DMA to start bullish journey.
200DMA is placed at 711.73 level.
Please refer below chart : 1...
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👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a...
accending triangle pattern for Adani port
price hold support trend line even after declining in Q4 result
volume profile shows strong support at @746
also, the decline in volume shows confirmation of this pattern.
If the price cross 785-90 with good volume then consider this as a strong breakout.
so the expected target is 10-15% from this level.