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...
ADANIPORT gave breakout today with volume, wait for a retest around 785, Stop loss would be 770 Target - 850 positional..
Disclaimer : The above chart is for study purpose only. I am not sebi registered not recommending to buy/sell, kindly consult with your financial advisor before taking entry.
The stock is expected to take support between 700-680 levels and move towards targets marked with white lines. Buy only if we see consolidation in this zone keeping SL below the support zone.
To motivate me, Please like the idea If you agree with the analysis.
InvestPro India Team
if any one holding this plz don't book you long till this levels , ones it reach this levels and if you find reversal then only book long and at that time one can initiate freash short.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before...