Stock now in making HH HLs
Standing at strong support area
1430 can act as grt support point
Can expect stock to touch 1500 area again
Looks good to buy on pullback areas near 1440-45
ADANI 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...
#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...
930 crossing in dec 2023 was a good breakout which was acting as supply since April 2021
Thought 1000 is past now still if it correct and hits 1200 then it would be good chance for bulls.
Keep 1.5 yr horizon for investors
It 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.
An 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.
Adani Ports and Special Economic Zone Limited is an Indian multinational port operator and logistics company, based in Ahmedabad, India.
Price breaks its zone on weekly time frame and still showing strength.
Only For Educational Purpose.
Adani Grp is in bullish mode. Adani port is at Breakout level. it break major resistance 1000. it can long from here or add more if come 985. it may test 1125 and 1165 soon.
We were bullish on ADANI PORTS in the very beginning and shared the chart analysis in mind....
Here, is just for traders and investors outlook to get better decisions making ahead of supreme court verdict...
Enjoy the Ride ....
Nifty 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....
Adani 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
