In monthly time frame every time in the past whenever price has had a big gap with its Kijun the trend has reversed. Once again we are witnessing similar kind of extreme range levels. Since this is monthly it could take its time, a weekly close below 495 would be a trigger for retracement till 425-400
NSE:ADANIPORTS
if any one holding this plz don't book you long till this levels , ones it reach this levels and if you find reversal then only book long and at that time one can initiate freash short.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before...
Adani Ports is consolidating well. The stock was on a great up run before the consolidation. Could this be the top for the stock?
Keep on radar.
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NSE:ADANIPORTS
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...
As per Day Chart
It comes down to small retracement
possible to minimum down 23.68 percent retrace may be sure
Reason : almost as per chart 5th wave fininshed also reverse pattern is there
so more possible to down 435 within months
BeCare Friends
