Adani 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
Adani 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 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...
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...
An 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
