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ADANIPORTS

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.
NSE:ADANIPORTS
by Mambotrade
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.
NSE:ADANIPORTSLong
by onerighttrade
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..
NSE:ADANIPORTSLong
by Rvkachhadiya