Adani PortsCMP 669
Good likely opportunity to Buy at Rs 620.
Wont Go Short here, though its 7.5% downside from here.
The upside potential from 620 levels seem enormous.
ADANIPORTS
Short Adani port for near target of 651 with SL of 674I would short Adani ports for immediate target of 651 and then later decide the reaction at that level for further move.
Adani ports intraday viewBUy @692, SL-687,703
Bullish RSI divergence, expecting reversal from this levels
TCS TRIPLE TOP PATTERN
A triple top is formed by three peaks moving into the same area, with pullbacks in between.
A triple top is considered complete, indicating a further price slide, once the price moves below pattern support.
A trader exits longs or enters shorts when the triple top completes.
If trading the pattern, a stop loss can be placed above resistance (peaks).
The estimated downside target for the pattern is the height of the pattern subtracted from the breakout point.
How a Triple Top Works
The triple top pattern occurs when the price of an asset creates three peaks at nearly the same price level. The area of the peaks is resistance. The pullbacks between the peaks are called the swing lows. After the third peak, if the price falls below the swing lows, the pattern is considered complete and traders watch for a further move to the downside.
The three consecutive peaks make the triple top visually similar to the head and shoulders pattern; however, in this case, the middle peak is nearly equal to the other peaks rather than being higher. The pattern is also similar to the double top pattern, when the price touches the resistance area twice, creating a pair of high points before falling.
Adani ports intraday viewcheck chart for levels
Sell @700, SL-705,TGT-690
Buy @708, SL-705, TGT-716.720
CLOSE TO A SOLID BREAK OUT ? Downfall, recovery, consolidation. Sounds familiar.
Current levels indicate a buy / bullish signal.
Barring another round of negative Investor issue, this looks primed for a BO
CHART STUDY - NOT A CALL
NOTE: I am in this trade. Picked up when it dropped below 700.
ADANI PORT SPL - Bouncing Back 🤞 🤞Tested crucial level.
Symmetric triangle
BREAKOUT signal in all indicator , may enter wide monthly pivot level , near 200 MA resistance
Will take a good move from here.
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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ADANI PORT .. Its a good patternHi guys its a good pattern u can buy it and it is in double top pattern with form of support and resistance .
News in AdaniportsNSE:ADANIPORTS had been showing recovery from it's 650 levels but today there has a complaint filed against Adani. Let's see how does market behave tomorrow on this news or may be market has factored in this news in today's fall in Adaniports. I have marked support levels to track.
ADANIPORTS 15M Cup and handle pattern;RSI DivergenceCup and handle formed on 15M chart on ADANIPORTS along with RSI Divergence. Proper on verge of Bullish breakout. Must watch
Learn more from @anishboomingbulls @Boomingbulls.
Not DeadAdani Power bounces into upper circuit from the 108 level. Now all adani stocks will rise.
New investors please stay away from this volatile stock
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A critical MondayFollowing up with my previous update, Monday would be very crucial It will definitely fall back to 108 but if there is no pull back, the bearish trend will continue and the price might get caught in the violet zone. Stay put and don't make any foolish moves. Those who have bought at the top please hold and let the price show some trend before we can take any decision. Do not average now until a pattern can be seen. New buyers stay away. Adani is not that green LOL!
Message me of you want faster updates.
Adani Ports; The path takenFor new entry, STAY AWAY. This update is for those who have a position on the stock. I am strongly against averaging but there is a high possibility that the price might go up to the next resistance of 767. There is a strong bullish engulfing candle that has formed on Friday. So if you want you can average your position with a small amount. But do that only once and don't repeat. Averaging has a potential to wipe out your entire account. Best option would be to day trade and make some money to recover your losses. Keep your stop losses tight at 2% from your entry. This is a rule of 2 that I follow myself. BE VERY CAREFUL as things for adani are not looking good as a company per se .
Personally I will not average if you ask m e. See my previous update in the link. Message me for faster updates.
Buy if closes above 691 Let today's candle close above this. Next target 767.
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Adani Ports showing positive intraday momentumNSE:ADANIPORTS has taken a good support around 650 levels. It's showing positive intraday momentum.
Do Not Average if you've bought at the topThose levels are reacting very well and the price is likely to run along these for some time. If it breaks 691, a huge slump may come. But as of now you can trade between these levels with tight stoploss. Shorting would be ideal.
