ADANIPORTS
Adani ports on 15 min We forgot to mention about Adani ports. Few days back and we told that stock has made ascending trainable pattern and breakout on either side will give good directional target. Targets achieved.
Adani port is in news after S&P index has decided to remove the stock with it links with Myanmar military. We can see some fall in upcoming days if markets reacts negative on this news. Trade safe
ADANIPORTS price is at support after good fallI will buy ADANIPORTS because :
It has been taking support at the trend line .
It has been consolidating and give big move soon.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 660
Target : 774
Stop loss : 627/600
ADANI PORTS ON 15 MINS CHARTAdani port has made Triangle price action pattern. It can also be called Ascending triangle. As we have discussed earlier a lot of times that Ascending triangle is a neutral pattern n it can give breakouts or breakdown ie can move either side up or down. Traders are told to hold target of the exact price range of triangle patterns high n low. Trade safe. Look for long setup when pattern is broken with good volume & vice averse for short trade too.
Adani Ports- Northbound to 1000- A Potential 20% Upside From CMPHi folks,
Adani Ports may be headed North to 950 - 1000 levels after the recent surge yesterday. This could be a 3rd up of the Final Fifth (of a large degree), so tread cautiously with a strict SL. If things pan out as per plan, we may see our target in the coming weeks, which is a cool 18-20% upside from the current levels.
But again, please work with a tight SL since we may be dealing with a Final Fifth (of a large degree).
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Cheers !!
Note: This view shall be invalidated if the price goes below 795 with force.