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Adaniportslong

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.
NSE:ADANIPORTS
by Mambotrade
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.
NSE:ADANIPORTS
by Mambotrade
NSE Adani Ports Is Growing But The Truncation level is there Key Level: 824 & 853 Adani Port has broken down the corrective wave X and started forming an impulse wave ((5)). Price had broken down the 8-month-old correction, and Adani Port surged rapidly. Adani Port can u-turn from 1.618% at 1049 . It is a reverse Fibonacci of wave ((4)). Currently, the price is at the 78.6 % reverse Fibonacci level at 853. If Adani port fails to break the previous high at 901 , there will be a case of truncation. It shows that the current impulsive move has a lack of demand pressure. Then the decline will be 3x more powerful than the normal corrective wave.
NSE:ADANIPORTS
by forextidings
7
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.
NSE:ADANIPORTSLong
by ShelendrAgrawal
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
NSE:ADANIPORTSLong
by PrashantBhiwaniwala