Adaniportsbuy
ADANI PORTS pROJECTIONADANI PORT 1D Timeframe Projection.
Daily and Weekly trends are Bullish.
DISCLAIMER: All labelling and wave counts are done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't be bias, hope on my trade plans...try to learn, and make your strategy... Following is not that easy...
Adani Ports showing some negativity.Adani Ports has closed at a crucial level and the support zone around 775.
On the weekly charts, the stock has closed below 20 ema and near 61.8% Fibonnaci level.
There is a bearish moving average cross over on the daily time frame and has formed a gravestone doji.
3 points confirmation.
a. Bearish cross over (daily charts).
b. Close below 61.8% fib level.
c. Bearish RSI divergence (weekly chart).
Intraday and swing trades can be initiated once the stock start trading below 772 levels.
The stock can take a halt before cracking as the stock has formed 3 consecutive red candle on weekly charts.
Future traders can carry position of next month expiry.
Target :- 757, 723, 700(for positional trades)
Stop loss :- 800
An intraday entry can also be made once the stock touch 800 level and shows some rejection.
Wait for the price action near the price levels before entering the markets.
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.
Adani ports touching new ATH!!!Adani Ports has closed above its weekly resistance zone.
The stock has rallied form 807 to 870.
On daily time frame, a good bullish candle is formed and on volume analysis high volumes are there.
Support :- 858-865
Resistance :- 900
Don't just jump into buying. Wait for the retest or break out of 900 level.
If the stock crosses the levels of 900, further levesl will be tracked on fibonnaci levels.
Adani Port Chart Analysis !! Broke Out.📈 Adani Port 📉
Adani Port broke out from a Downtrending Trendline zone after testing three times and it was inside a beautiful triangle pattern as well. Yes it has closed at high of Fab and March too.
So I am biased on long side.
On Buy Side I am looking for initial Targets of 813 and 878.
StopLoss should be kept at 715.
It offers 1:2 Risk Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This 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
ADANIPORTS - Buy For A New ATHADANIPORTS
Buy-Above 775
Sl-680
Target-885 920+
The stock is actually trading in a range in higher timeframe. But price is showing some buy momentum possible. This is volatile script always hedge your positions and if trading in equity do not go all in one. Book max near ATH.
Simple Trade Setup | ADANIPORT | 03-11-2021 [ INTRADAY]NSE:ADANIPORTS
I am posting this chart on request from one of the follower on Twitter.
Observations:
1) On daily time frame, we can see it has been trading below 200DMA and facing resistane from it.
Which is a bearish sign.
It has to break and sustain above 200DMA to start bullish journey.
200DMA is placed at 711.73 level.
Please refer below chart : 1 day Time Frame.
Also, we can see from the chart that 720-735 level range is critical resistance.
Safe long trade can be taken only on sustainable breakout of this range.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date 03-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
ADANI PORTS PRICE ACTION ANALYSIS. Adani ports' price has corrected a long way and now it is near the breakout zone. If the price sustains above the 762 level then it can go near the supply zone.
There are 2 scenarios here,
1. Go long if the price breaks out at the 762 level.
2. Go long near the demand zone, if the price gets rejected from the 762 level.
This demand zone must give good support to the price. So, place your stop loss below this.
All the levels and zones are mentioned on the chart.
Happy trading :)
This is just for educational purposes.