ADANIPORTS
Short Adani PortsHere we are drawing a newton line based on previous swing high break. If stock moves below the newton line we can short it with risk to reward ratio of 1:2.
Adani Ports - Indicating Weakness It is been observed on the daily chart that the price action is forming lower highs and lower lows indicating further weakness ahead.
Target 1: 330
Target 2: 320
Stoploss: 350
Adani Ports broken channel support Adani Ports has broken the channel support and may go further down up the next short term support around 340 in near term.
Adaniport Cup with Handle pattern!The stock has nicely formed Cup with Handle pattern and gave breakout today. One can buy the stock for trading/Investment purpose. The pattern is reliable however its a longer pattern so naturally it may take time to reach the target. One can expect the target in the range of 380 - 400. It is important to locate the pattern in uptrend only, price should rise minimum 30% to the left lip of the cup.
Why I choose Heikin Ashi Over Regular candlestick Part 1Did you get confused in candlestick charts because of Gap Ups/Gap Downs, Single candlestick pattern, Multiple candlestick pattern Noise in candlestick. So here is the solution for these problems Heikin Ashi Candlestick. As regular candlestick, it is also from Japan. Japanese meaning for Heikin = Average and Ashi = Speed Its showing market direction. Heikin Ashi is candlestick but it is Averaged candlestick or Modified candlestick and it's does not have absolute value.
Sometimes it is difficult to read/analysis chart because of Gap Up/Gap Down and as a result of the indicators also give a false signal for buy and sell. False signal because maximum indicator calculations based on closing price. But in Heikin Ashi closing price in an average of current price of Close, High, Low and Open. Now let’s concentrate on how Heikin Ashi formed.
Heikin Ashi Formation –
First, we will see how to find the closing price of Heikin Ashi.
1. Heikin Ashi close is an average of Open, High Low and Close of the current period.
Heikin Ashi Close = / 4
2. Heikin Ashi Open is Midpoint of Open and Close of the prior Heikin Ashi candle
3. Heikin Ashi High is the Maximum value of current normal candles High.
4. Heikin Ashi Low is the current lowest value of current normal candles Low.
Now one of the most important thing which will be a little bit confusing how to calculate the value of close before we calculate next candle. Here the first calculation of close is done by using the current price of high, low, open and close. Now there are few interpretation we have to understand, if we understand this interpretation it will be very easy to identify the trend and how to take a position.
Cup and Handle formation in Adani PortsHandle formation is about to get over and resistance 317 should breakout to act as good support and price might move up to 374 thereafter.
Adani Ports approaching rising wedge resistanceAdani Ports has been forming a rising wedge and approaching the resistance level around 317-320, traders may enter long at CMP with a target of 317 in near term
AdaniPorts HNSAdaniports head and shoulders
Resistance acting as support
MACD divergence
Can sell below 291 SL 300 for trgt 284-272
Adani Ports may trade further downAdani Ports after breaking the uptrend has been retested the resistance and it has reversed touching the resistance,traders may go short in Adani Ports as first target of 261, and second target 248 second target in near term.
Adani Port LongADANI PORT doing well by sustaining major support at 250 Levels.In Current run it has potential to reach above 310. Can be added at Long Side.
Regards
Adani Ports to continue up trend journey.Adani Ports seems to continue its up trend journey further more, it has been remain in consolidation mode around two months and broke the consolidation period now the stock is ready to break the bullish flag pattern that formed on last week close,trader may enter long in this stock after breakout of flag for a target of 348.00, if breakout doesn't occurs it may again retest the 270-275 level again.
Adani Ports touching channel support ready for upward direction.Adani Ports after trading 3 month in consolidation took breakout alongwith false break of the existing trend and again moving in the same direction, now Adani Ports is touching its long term channel support 288.00, its a very good long entry point to enter this stock, if breakout doesn't occurs, we may see further upward movement in this stock to its next short term resistance 316.50, traders may go long in this stock if market open green on Monday, be cautious during US presidential election, there may be huge volatility in the market and analysis may go wrong.
Adani Ports - at a junctureAn ascending triangle on the shorter timeline. Flag/Pennant on the longer timeline (lowering volumes).
RSI breakout already done, so expecting upsides.
Any move above 280 means 320-325 expected | just in case it moves below 270 would expect 240-ish
Adani Ports - Bullish Setup* Double Bottom breakout retest and rally
* Breaking out of triangle
* Rising trendline
