Hi Traders! On upmove we can have a profit of 2 percent in intraday above 315 or by shorting below 301. Wait for the trade confirmations!
Adaniports looks to have broken support line around 309 next supports on the chart looks to be near 299-294. So the stock can be sold for targets of 299-284 with a stop above 313.5
Looks like ADANIPORTS trying to create a cup and handle pattern. Once can expect it to bounce back from 305-311 level. RSI is relatively low at approx 32 indicating a prospective buy.
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Adani Ports 295 by 29th Jul
Adani 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*
Adani Ports – CMP - ₹320.4 – Dt. – 14-07-2020 On the daily chart, you can the stock has made continuous low for past 3 days and in last session, the stock made black Marubozu which indicates bearishness in the market. If the market is a week in next trading session than stock can go up to the support level of ₹301.25. On the controversy, if the stock starts moving...
This is a reasonably simple set up. The price has broken regression channel decisively. It is on the verge of braking bollinger band on the downside in all probability it should close below it by the end of the day. If sustained, the next logical target is 300 which also happen to sit nicely on a fib level.
We have seen clearly Adani port break down has been given just now from the channel pattern. Now the stock is trading below the 50 EMA . So from this level @ 341.8 this can be taken for short entry till near support of 335. If beyond this stock move we can see more weakness in the stock. So add the stock in your watch list & see the simple price action...
Levels are mentioned on chart for Swing trading. Please check the description section for early entry level in given stock to get better Risk to Reward ratio. Kindly like & share this pattern. Comment with what do you think. Follow me @ tradingview for more updates!!! Early entry: 350 SL: 335 Target: 380/395 RR: 2.0/3.0 Thank you. Happy...
342 showing resistance. it can drop to 307, 293, 290. trade with caution
Adani Port can give a bullish breakout. 1st Target = 325 2nd Target = 331 3rd Target = 338
Please note that the patterns shared are only for educational purpose.
1. Adani Port took the reversal from the 61.8% Day Chart from Pre Covid Price. 2. Sell Below: 314 Target: 312 , 309 , 306 SL: 317.15
Adani Ports seems to be showing a good target For education purpose only ,take position post referring to your advisor/self analysis Comment subscribe and share . Give it like if you find it useful If you want to see the Stoploss and Entry levels message me .