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.
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...
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...
📈 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.
The 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...
Adani 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...
Adani Ports & SEZ Ltd - 25.02.2022
The stock is trading @ 695 levels
There is MACD Bullish Divergence in Weekly Chart
There is a HAMMER @ Support in Weekly Chart
Let the prices go above 721
Watch out for the price action
Adani Ports & SEZ Ltd - 10.12.2021
The stock is trading @ 767 levels
There is a strong resistance @ 771 levels
Stochastic is overbought
Prices are above ema
Stock is under a channel range, waiting for breakout
watch out for the price action
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.
Adani Ports & SEZ Ltd - 06.12.2021
The stock is trading @ 723.45 levels
There is a MACD Bullish Divergence in Weekly Chart
Prices are at EMA
Stochastic is oversold in Hourly Chart
The stock is trading under a channel range
Watch out for the price action
After adani news, Adani port is in sideways from past 6 months.
Share is trying to form a pennant
If 730 is taken out we can see a good movement in this share
Buy adaniport @730
with stop loss 675
I am posting this chart on request from one of the follower on Twitter.
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...
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...