Novice trader - please treat this as observation only.
Looking bullish above 312
SL may be placed below 277 on closing basis
trial SL as stock moves in our direction.
Looking at the Evening star pattern created today on the candle, looks like the stock might fall down tomorrow.
I am still studying about the support and the resistance lines for targets and stoploss, but below are my predictions. Please let me know if I'm wrong.
Target - 262.5
StopLoss - 307.3
Lets hope for the best.
INTRADAY TRADE IN ADANII PORTS
SHORT@297.5
STOP@300.5
TARGET@292.5
QTY=2000(CASH)
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
!!intra-day ideas series everday at between 9:30 to 10:30!!
ADANIPORTS going down at least to 302 then again wait for it to cross the support zone and then only take a short position and wait it to come down to trendline
william% is oversold
RSI is coming down
VORTEX is crossing for bearish signal
Long @ 270 with target at 279 and stoploss at 265
Bulish engulfing pattern on may 6 should continue as volumes are above average after okayish earnings results given the corono situation
MACD also looking like its gonna converge and enter buy zone
What do you guys think?
As its a ascending triangle so suggesting to go long Above 375, SL-370, Target-385
At the same time if it triggers 370 first I would go short with SL-375, Target-360
1. If breakout of ascending triangle in NSE:ADANIPORTS then upside possible:
Upside Fibbo Level 0.618=295, 0.786=316 (The gap at this level will act as resistance)
2. If breakdown then 0.382=254, 0.5=241
Adani Ports Long position can be made if it breaks the resistance of 280 and survive over it.
SL and Targets mention.
Disclamer: This is my personal opinion, please take any investing and trading decisions after your research.
