ADANIPORTS
Strong close above 367 - good chance for 430.Price for the second time rejected from the same level 367. After taking support from 330 levels price once again moving strong towards the 367 levels and this time it has big chances to break the level and reach the next resistance level of 390 and ultimately the target of 430.
One have to wait for the price to close above the resistance and then enter long with small stop loss.
ADANIPORT IN BREAKOUT MOOD FORMING CUP & HANDLE PATTERNADANIPORT, As we are expecting a breakout range of its Resistance level @360-365
Above that Range looks like more upside for 395--425 levels in coming sessions
ADANIPORTS
IN BREAKOUT MOOD
FORMING CUP & HANDLE PATTERN
CROSSOVER OF RESISTANCE @360
CMP @360.05
UPSIDE VIEW -- 395--400--425
SUPPORT OR STOP RANGE @340
TIME FRAME 15--20 TRADING DAYS
{ALL MY VIEWS ARE ONLY FOR EDUCATION PURPOSE ONLY.}
ADANIPORTS LongNSE:ADANIPORTS
Hi Traders,
Adaniport is in breakout zone and you can open new orders based on price action. Stock is facing resistance between price 363-367 level. If it breaks resistance, it can start moving in upward direction. A good movement can be seen after 367 level.
Stock Analysis
* Stock is in a range and moving upward direction with support of trend line .
* It broken resistance level (360) with good volume.
* Uptrend can be started.
Buy Level
Above 363.30 (Based on price action)
Target Level
TP1= 372.25
TP2= 377.90
TP3= 382.85
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Adani Ports - Fib Retracement Looks good to me to Go long above 328.8 (High of the day) for 332, 335, 338, 340 with SL at 325/327 based on Target and Time Frame.
Disclaimer:
Being an Engineer + MBA Finance, I bet on my Strong Fundamentals & analytical skills! But I am new to technical analysis & trading (3 months now). Every weekend,I study some new trading concepts and publish analysis & take trades on them. There are NOT trading advice!
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AdaniportsAdani correcting towards 50% correction of recent high, if unable to support at 50% then push SL or short till 61.8%. Buy after as decided for long upside.
OI SUGGEST UPSIDE IF PULLBACK AFTER 50%, long unwinding is about to over, can see fresh start for upside OI.
*THIS IS FOR STUDY PURPOSE*