ADANIPORTS
adani ports hourly RSI breakout Adani ports hourly RSI breakout triangle pattern!
Adani Ports and Special Economic Zone's earnings over the next few years are expected to increase by 99%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value.
ADANI PORT - Triangle breakout + 200EMA consolidation - Swing The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Adaniports anaylsis for next weekThe stock on 4-hour time frame has closed just below the crucial resistance of 745-50.
If the stock closes above the 745 and sustains on a hourly time frame, entry can be made.
20 and 200 moving averages are converging. Finally, 20 ema has crossed over the 200ema.
Wait for the price action near the resistance level.
Support and resistance levels are marked and listed in the chart itself.
Adani Ports & SEZ Ltd - 25.03.2022Adani Ports & SEZ Ltd - 25.03.2022
The stock is trading @ 743 levels
There is a HAMMER @ Resistance in Daily Charts
There is a DOJI in Weekly Charts
RSI is 53 in Weekly Charts
There is a STRONG RESISTANCE Zone @ 751 levels
One can initiate a BUY Position above 748 with SUPPORT @ 729
The BREAKOUT above 767 is expected as there is a INVERSE HEAD & SHOULDER CANDLE FORMATION in Daily Charts (Neckline: 745; Low: 651.95)
Watch out for the price action
Adani Port Analysis. #AdaniPort #Adani📈 Adani Port 📉
Adani Port, Since June 2021 forming a textbook pattern of Triangle as you can see in chart beautifully following lower highs and higher lows, And Day by day range was getting narrower.
Today what I found is that it has closed below lower support of triangle on closing basis. Yes Not a good sign keeping in mind that markets are in jittery mode right now.
My Take : Wait for one more close below todays close if it does then perfect candidate for shorting until it does not break upper Trendline zone. Targets for shoring would be around 600 levels with upper trend line zone as Stoploss.
Disclaimer : Only For Education Purpose. Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
ADANI PORTS with multiple targetsScript has been in a consolidation phase by taking good support at the bottom paving its way for an entry with minimal SL. Also has been taken support from 200DMA . Multiple targets could be the safest bet . There is a hope that Pro budget push may give adequate volumes to push the momentum.
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