#SHALPAINTS 124 TGT 150 #ASIANPAINT #BERGEPAINT #INDIGOPNTS #ITCSHALPAINTS 124
TGT 150 / 175
NSE:SHALPAINTS
CPM 124
TGT 150 (20%) // 175
SL 112
RR > 2
TF < 6M
Trading Charts Candlesticks Patterns Technical Indicators
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ADANIPORTS
Adani Ports: A Quality Company with a Strong Growth Outlook
Adani Ports , one of the Adani Group's flagship companies, has consistently proven its strength. Despite market volatility, it remains a fundamentally solid enterprise.
Key Insights:
Following the Hindenburg report in January 2023, Adani Group stocks, including Adani Ports, faced a massive crash. However, Adani Ports rebounded impressively, finding support at a previous key level and delivering over 300% returns from that point.
Recently, the stock has experienced another sharp correction due to bribery allegations. It has fallen back to a significant support zone, presenting what could be a lucrative buying opportunity for risk-tolerant investors.
Current Setup:
Stock Price: Around ₹1200 at present.
Plan: Accumulating shares down to ₹980 with a potential target price of ₹2400, offering the possibility of doubling the investment.
Risks: The stock is highly volatile, and only those comfortable with elevated risk levels should consider this opportunity. Conservative or safe traders may want to avoid this stock for now.
Why Adani Ports?
Strong Fundamentals: Adani Ports is a well-managed company with robust operations.
Attractive Valuation: The current correction brings the stock to an appealing price level for long-term investors.
Growth Potential: The company has demonstrated its ability to recover and generate substantial returns, even under challenging circumstances.
Financial Update:
For those analyzing the stock's fundamentals, here are the Q2 financial results for Adani Ports:
Consolidated Net Profit: ₹24.5 billion vs. ₹17.4 billion (YoY growth).
Final Thoughts:
Investors should make decisions based on their own risk tolerance and investment strategy. While the stock holds significant upside potential, its volatility should not be underestimated. Always do your research before investing.
Stay informed and invest wisely!
ADANIPORTS Breakdown WatchStock Name: ADANIPORTS
Entry Point: Considering a short position if the price breaks below today's low, supported by strong open interest (OI).
Stop-Loss (SL): Placed above today's high to control risk effectively.
Target: Near the next key support level or adjusted based on real-time price movement.
Disclaimer:
This analysis is shared purely for educational purposes and is not a recommendation to trade. Please perform your own research and consult a financial advisor before making any investment decisions.
ADANI PORTS pROJECTIONADANI PORT 1D Timeframe Projection.
Daily and Weekly trends are Bullish.
DISCLAIMER: All labelling and wave counts are done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't be bias, hope on my trade plans...try to learn, and make your strategy... Following is not that easy...
Adani Ports - Long Setup, Move is ON...#ADANIPORTS trading above Resistance of 1472
Next Resistance is at 2257
Support is at 1060
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Adani Ports - Long SetupIt can be clearly seen that the stock price has been moving in a rising parallel channel for the last two months. If the pattern continues, the price may go to 1380/1420/1450.
This setup fails if the price remains below 1300 levels.
The above illustration is only my view. Only for learning and sharing purposes, not a piece of trading advice in any form .
All the best.
Double Moving Averages Crossover Swing Trade📊 Script: RAILTEL
📊 Sector: Telecomm-Service
📊 Industry: Telecommunications - Service Provider
⏱️ C.M.P 📑💰- 433
🟢 Target 🎯🏆 - 475
⚠️ Stoploss ☠️🚫 - 415
📊 Script: TATASTEEL
📊 Sector: Steel
📊 Industry: Steel - Large
⏱️ C.M.P 📑💰- 174
🟢 Target 🎯🏆 - 183
⚠️ Stoploss ☠️🚫 - 170
📊 Script: SUZLON
📊 Sector: Capital Goods - Electrical Equipment
📊 Industry: Electric Equipment
⏱️ C.M.P 📑💰- 44
🟢 Target 🎯🏆 - 48
⚠️ Stoploss ☠️🚫 - 42
📊 Script: ADANIPORTS
📊 Sector: Marine Port & Services
📊 Industry: Miscellaneous
⏱️ C.M.P 📑💰- 1385
🟢 Target 🎯🏆 - 1454
⚠️ Stoploss ☠️🚫 - 1361
📊 Script: MTARTECH
📊 Sector: Aerospace & Defense
📊 Industry: Engineering
⏱️ C.M.P 📑💰- 2110
🟢 Target 🎯🏆 - 2231
⚠️ Stoploss ☠️🚫 - 2046
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
MACD Crossover Swing Trade📊 Script: NESTLEIND
📊 Nifty50 Stock: YES
📊 Sector: FMCG
📊 Industry: Food - Processing - MNC
⏱️ C.M.P 📑💰- 2622
🟢 Target 🎯🏆 - 2769
⚠️ Stoploss ☠️🚫 - 2560
📊 Script: ADANIPORTS
📊 Nifty50 Stock: YES
📊 Sector: Marine Port & Services
📊 Industry: Miscellaneous
⏱️ C.M.P 📑💰- 1341
🟢 Target 🎯🏆 - 1426
⚠️ Stoploss ☠️🚫 - 1293
📊 Script: HEROMOTOCO
📊 Nifty50 Stock: YES
📊 Sector: Automobile
📊 Industry: Automobiles - Motorcycles / Mopeds
⏱️ C.M.P 📑💰- 4722
🟢 Target 🎯🏆 - 4949
⚠️ Stoploss ☠️🚫 - 4597
📊 Script: AMBUJACEM
📊 Nifty50 Stock: NO
📊 Sector: Cement
📊 Industry: Cement - North India
⏱️ C.M.P 📑💰- 612
🟢 Target 🎯🏆 - 650
⚠️ Stoploss ☠️🚫 - 592
📊 Script: BERGEPAINT
📊 Nifty50 Stock: NO
📊 Sector: Paints/Varnish
📊 Industry: Paints / Varnishes
⏱️ C.M.P 📑💰- 573
🟢 Target 🎯🏆 - 603
⚠️ Stoploss ☠️🚫 - 558
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
ABCD in Adani PortAn ABCD Harmonic pattern is under formation in the Adani Port chart with a possible price reversal at 1323.90 (which also confluences at Bhoomi's first bullish target)
We can have a short-side trading opportunity with the least SL on completion. Updates once the formation is validated on completion.
02 Jan ’24 — A Breakdown in Progress? 3 black crowsNifty Analysis - Stance: Neutral
Recap from yesterday: “The last candle is looking quite deep and has almost negated the progress of 3 days. If it was not related to any news/event, the outcomes match quite strongly for an interim top-like formation.”
4mts chart link - click here
The last 30mts action yesterday was not a blip, we got some continuity today. Nifty50 fell 199pts ~ 0.92% intraday to 21555 by 10.39 and then retraced 50% of that fall. The real impact was on BankNifty and not Nifty. Just like we often say, during trend reversals - BankNifty takes the lead and then Nifty50 follows. We did change the stance on BankNifty to bearish today (more on that in a while).
Even NiftyIT took some beating today, the positive contributors to Nifty50 were BAJFINANCE, RELIANCE, and ADANIPORTS. In fact, BAJFINANCE was the main reason FinNifty and BankNifty had a variance of 0.46% today.
63mts chart link - click here
We would like to maintain the stance on Nifty to neutral itself. The first target for a trend change will be the breach of the ascending channel top line approx 21530 levels. From a technical analysis perspective, we had the 3 black crows at 14.30 yesterday and the first 2 candles today. The last time we had a breakdown i.e. on 20th Dec, Nifty50 took support at the channel top line - so we must breach that now for extra confirmation.
ADANI PORTS | SELL @ 1080 - 1050Adani Ports has strong resistance zone at 1050 - 1080 and formed a bearish pattern at the top. Sell trade can be initiated in the resistance zone for the marked targets on the chart until 1120 is intact on the upside.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
20th Dec ’23 - BankNifty falls 967pts - stance is now bearish 🐻BankNifty Today Analysis
It all started with BankNifty today, the options flow was indicating immense bearishness. But Nifty50 options flow was showing strong bullishness. This contrasting directional bias barely works in our market. And 9 times out of 10, Nifty50 mends its way to go as per BankNifty’s directional bias. The reason is, BankNifty is still the leader of the pack.
4mts chart link - click here
So first, the collusion again with NiftyIT to get Nifty50 to get to a new top and then a meltdown. BankNifty shaved off 967pts intraday after getting a gap up open. The candle at 13.27 ensured we were re-entering the ascending channel. Just like we discussed yesterday - the directional move came and we were not caught off guard.
You might have guessed when we went short today, yes as soon as the ascending channel top line was breached. The ensuing momentum gave us confidence in the bearish bets. What was more surprising was the breach of the bottom line of the ascending channel - I honestly did not see that coming.
63mts chart link - click here
Technically Banknifty has not moved that much today, we just dropped 0.89% compared to 1.41% of Nifty50. There were some outliers today, ADANIENT -5.35%, ADANIPORTS -5.76%, RELIANCE -1.21%, LT -2.3%.
And the subsectors were all in RED. I seriously do not know if it is a serious correction phase as the runup so far has been like a dream. The chances of something happening like this were quite evident today. BankNifty options premiums were screaming bearishness - I thought it was because of the expiry. And Nifty50 was showing strong bullishness. I bet my money on Nifty as the options prices were more rational as it was not expiry related. But since the BankNifty’s premium’s were not dropping - It gave me the warning shot. Quite fortunately was able to catch the top and low of a few strikes correctly. Also was able to switch between BN and N50 strikes quite seamlessly to take advantage of the mispricings. Who in the world will believe 22700 CE of Nifty50 had a premium of Rs3 for 1 DTE i.e. a strike 1500pts above spot?