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ADANIPORTS

ADANIPORTS- MOVING IN ASCENDING WEDGE? IMPORTANT LEVELS! 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 overbought territory. Don't think the buying momentum will sustain. There has been a decrease in the volume recently, which is also a bearish sign. All in all, I am expecting a drop towards the bottom of the channel. If the trendline does not support the price, then I will look out if the wedge breaks down or not. If it breaks down, then I will look at the 330-345 and further 300-315 regions. On the upper side, if the trendline is able to hold, then it may come will 400 region and then shoot from there. *Everything is marked on the chart- Swing points, trend lines can be used for trading along with some momentum indicators.* Try to look out for a confluence of these parameters, don't trade solely using any one of these parameters. P.S: This is NOT investment advice. This char is meant for learning purposes only. This is my personal journal. Invest your capital at your own risk.
NSE:ADANIPORTS
by johntradingwick
Adaniports | Range Breakout 4 % 🎯===================================================== ⭕ Swing Trading opportunity ! 30 min Chart Alert !!! ⭕ --Buy above =475 or CMP --Target = 494 --Stop-loss = 470 --Lot Size = 2500 --R:R = 3.62 --Expected Profit = 47,000 ₹ per lot ( 3.95% ) --Expected Holding = 5-10 day only #ThankU For Checking Out Our Content , We Hope U Liked IT 📌 ====================================================== ⭕ Technical Reasons to trade OR Strategy applied :- ⭕ 1) range breakout with volume 2) we must wait for clear entry 3) target is as per the pattern height 4) bullish candlestick pattern in 30min 5) beware of fake breakout ====================================================== Guys check out the related ideas as well, it will work really well GUARANTEED ! 🙏FOLLOW for more ! 👍LIKE if think is useful ! ✍COMMENT Below your view !
Editors' picks
NSE:ADANIPORTSLong
by ReviveTraders
20
ADANIPORT --->>> HIT WICKET OR SIXER NOW ? OBSERVATION :- Whenever before the script got hit from Top Level - ADX was in cluster, though rsi was above 65 level showing strong bullish trend This time script is again near the same level will it cross this time or again will get a HIT ??? RSI near 70 ( strong bullish trend ) ADX slowly crossng -DI, +DI above adx & - DI NOTE = IF THE SCRIPT CROSSES HIGH THEN KEEPING STOP OF 378 GO LONG FOR 1:1 / 1:2 TARGET RANGE disclaimer - join your study to enter trade
NSE:ADANIPORTS
by sankhyainvestments