ADANIPORTS
ADANI PORTS ANALYSISA good resistance can be seen on the daily charts of Adani Ports. It can be a good buy above 796, breaking the resistance point. The volume as of now are low, but if it breaks the level of 796 with good volumes and sustains above 796, it can be a good swing trade. (OPEN THE CHART FOR DETAILED VIEW)
Targets- 810, 839 and 858
SL- 770
Risk-reward favorable
Trailing stoploss
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ADANIPORTADANIPORT gave breakout today with volume, wait for a retest around 785, Stop loss would be 770 Target - 850 positional..
Disclaimer : The above chart is for study purpose only. I am not sebi registered not recommending to buy/sell, kindly consult with your financial advisor before taking entry.
accending triangle pattern for Adani portaccending 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.
Adani Ports Triangle Pattern Breakout?Hey everyone!
There is a triangle pattern formation in Adani Ports and Special Economic Zones. The stock is in consolidation since March. I reckon we should keep this on our watchlist. A big bullish candle & good volumes and we'll be good to go.
Feel free to share any reviews or feedbacks.
Disclaimer: This analysis is only for educational purposes.
adani power (ready to fly again)In march I was able to capture its move , similar pattern it is making now .
In the coming days it is going to give brakout and it will fly again .
With stocks like adani power it is good to take risk as it surges really fast .
I will enter even before brakout you can also think like this.
ADANIPORTS - MORE RETRACEMENT INCOMINGA RETRACEMENT IS ESSENTIAL.
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me to Learn and Earn with me.
Happy Trading!!
ADANIPORTS | 700-680 IS SUPPORT ZONEThe stock is expected to take support between 700-680 levels and move towards targets marked with white lines. Buy only if we see consolidation in this zone keeping SL below the support zone.
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Happy Trading!
InvestPro India Team