Adani 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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InvestPro India
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....
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.
All...
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 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...
NSE:ADANIPORTS
Observations:
1) On 1 day time, we can see it is at interesting range. Breakdown of this range will give down move and if it gets support from this range then we can see up move.
Please refer below chart : 1day Time Frame.
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Trade Setup for 18-01-2022
1) Don't Jump in to trade at the beginning of the...
NSE:ADANIPORTS
Observations:
1) On 1 day time frame, we can see that it open above 200DMA and took support from it and sustain above it.
200DMA is placed at 736.60 level.
Please refer below chart : 1 day Time Frame.
2) On 1hr time frame, we can see the parallel support channel, breakdown of it will make it ready for down move.
Please refer below...
Poor adani ports trying to break the resistance of 738 with the major support at 638
Stock under huge volume consolidation. it faked out thrice and gonna try in upcoming sessions too.
Investors who bought at ATH are supposed to wait for a very long time to see Green in their portfolio (on this stock).
Don't Hurry to buy it once breakout happens let it sustain for...
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
![ADANIPORTS: Simple Trade Setup | ADANI PORTS | 18-01-2022 [INTRADAY]](https://s3.tradingview.com/a/As9VaVXl_mid.png "Simple Trade Setup | ADANI PORTS | 18-01-2022 [INTRADAY]")
![ADANIPORTS: Simple Trade Setup | ADANI PORTS | 05-01-2022 [ INTRADAY]](https://s3.tradingview.com/d/D28hybdw_mid.png "Simple Trade Setup | ADANI PORTS | 05-01-2022 [ INTRADAY]")
