Adaniportshort
ADANIPORTS Breakdown WatchStock Name: ADANIPORTS
Entry Point: Considering a short position if the price breaks below today's low, supported by strong open interest (OI).
Stop-Loss (SL): Placed above today's high to control risk effectively.
Target: Near the next key support level or adjusted based on real-time price movement.
Disclaimer:
This analysis is shared purely for educational purposes and is not a recommendation to trade. Please perform your own research and consult a financial advisor before making any investment decisions.
ADANI PORTS | SELL @ 1080 - 1050Adani Ports has strong resistance zone at 1050 - 1080 and formed a bearish pattern at the top. Sell trade can be initiated in the resistance zone for the marked targets on the chart until 1120 is intact on the upside.
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Happy Trading!
InvestPro India
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.
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 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.
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.
More Pain in ADANIPORTSAll Adani Group shares has been crashing after the news. ADAPORTS will fall till 543- 540. the it will give a bounce. Think of buying at the PRZ level only.
Adani ports for 14.06.20211. buy above -847, Targets - T1, T2, SL-841
2. Weak below -836. Targets - T1, T2, SL- 842
3.void if opens big gap up or gap down
