ADANIPORTS
ADANIPORTSADANIPORTS:- around 2 years consolidation period. We can expect a bullish move
wait for Darvas box breakout
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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Ajay.
keep learning and keep earning
Adaniports temp bulllishAdaniports looking for bull up to 885-900 zone
SL recent swing low 800
If get rejection around 885-900 zone and take u turn from there then get ready for down side. with swing high SL
Expected target 780-85 and second target 710-15
This is my personal view i dont recommand to buy or sell.
Range breakout in Adani PortChart -> Adani Port Weekly
As per the chart, it was consolidating in a range from last 15 months.
This week it has come out of the range with an all-time high close.
CMP: 906
Good to add: 850to900
Targets: 1010, 1095, 1156
SL: 815, weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Trade Setup AdaniportsAdaniports gave breakout of daily resistance (372) today. If stock closes above weekly resistance (375).
Existing Positions : Hold
New Buyers : Can buy stock at current levels if trading for shorter time frame. If trading for slightly longer term, wait for weekly close above 375
Short term target 1 - 908
Long term target - 1004
ADANI PORTS
NSE:ADANIPORTS
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Higher time frame consolidation in Adani Port.Adani port just near a resistance zone and has formed a bearish candle on the weekly time frame.
The main thing to watch out for a nice breakout or break down is mainly the time a stock has consolidated in a range.
It has been in the consolidation zone from March 2021.
If the market gives a break out of higher time frame, then huge target can be achieved in the long run.
Adani port has been in the range for 15 months.
The stock has tested the monthly 20 ema and given a nice push upto the resistance zone of 885-900.
Higher time frame gives a clarity as it shuts the distraction of the smaller time frame.
August month is about to end. Watch out for a break out on the monthly chart for a buy or if there is a negative candle on the weekly time frame go for a short sell.
Support :- 780, 671
Resistance :- 902 (The only resistance for now)
If the stock moves up the higher target can be predicted by Fibonnaci extension tool.
Wait for a proper signal and a price action before entering the stock.
A nice swing and positional trades can be initiated.
Adaniport Long OpportunityAdani port is trading at important levels.
from here two possibilities
1) if it broke yesterday's high then
Buy at 812
Stoploss - 794
Target - 849
2) If it falls below 794
then look for buying signal neat 775 then target will be 850 without any stop loss this trade will be for 1 month.
Adani Port : Be cautious, again reaching Multiple Top ResistanceAdani Port is again reaching Multiple Top Resistance at 915 and high probability of reversal from here because of profit booking , hence longs may be cautious. If it can open and sustain above this level for 2-3 daily candles then pyramiding maybe done.
YR 2022 Idea #104: Long on ADANIPORTSThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
ADANI PORTS Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..