It's my personal view.
This is for educational purpose Only.
This is not buying or selling recommendations.
I am not sebi registered.
Please consult your financial advisor before taking any trade.
Thankyou.
My own perception : NSE:ADANIPORTS
Currently on a downtrend and its Sell recommendation as per the majority of indicators and scripts.
Close is above Monthly 20 and Weekly 20 SMA, but the rest all are red.
As currently, the stock is on support level - either to reverse or breakdown further --
Based on the possible Harmonic pattern - in case of reversal...
NSE:ADANIPORTS
Technically : it's in downtrend in proper 1D timeframe.
It entered into the downtrend on 22nd Dec'22 red candle and yet into that red candle consolidation zone (similar like #RELIANCE).
The solid support is at 780 level.
In upside, 850 is the major resistance . Above that 880/900 possible.
Right now, if one wants to invest , can buy...
Stock is consolidating in the zone from last 1 month.
CMP : 884
Entry for Buyside : Above 920
Entry For Sellside : Below 865
We can expect a good move on either side when this stock will give breakout of this zone.
Note : This is my personal analysis, this is not a buy or sell call.
Hey, Guys
NSE:ADANIPORTS
Adaniports is a long after falling Aggressively, It came up the very next day showing that the move was fake and came just to throw out the retailers.
One can build longs as per their Risk appetite or Build Position Via Hedging (Debit Spread).
Build Position Only After a good closing for the Day.
One Can take the Target Of 975, Risk...
If the previous Monthly Liquidity is swept then the NSE:ADANIPORTS will be bearish for intermediate term as there's a huge liquidity pool residing below the level of 650 to 600.
Otherwise, it's Bullish.
#smartmoneyconcept #adaniports #advancedpriceaction #ictconcepts
Adani Ports and Special Economic Zone Ltd. looks like an Inverted head-and-shoulders formation. If the price breakout the neckline & sustains above the 850, the pattern will be activated. See upside upcoming target 974.
ADANIPORTS:- 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.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get...
