Falling wedge pattern in ADANIPORTS.The falling wedge pattern seen in today's session has given a breakout in ADANIPORTS. Entry above 715+ and it's long target will be 810+ in 1D timeframe.
ADANIPORTS trade ideas
ADANIPORTS is Trading in Rang MARKETNSE:ADANIPORTS
Let see the price action = stock is trading in range expansion, range contraction
in this range , trend line is broken we can expect the 1 target as 770.
fix your stop loss as per you R:R.
the company is announced Dividend - Rs 5 Per Share
Ex-Date 14-Jul-2022
Record Date 15-Jul-2022
ADANI PORT --- INTRADAY SETUP - - 04/07/2022ADANI PORT --- HOURLY CHART -- INTRADAY SETUP
1. stock seen double bottom formation at 655 level
2. Rounded bottom pattern seen on chart after double bottom stock move upword direction.
3. while formming rounding bottom stock having support 21, 44, 200 Hull moving avg, seems upwrd movement continue from current level
4. Histrogram seen bullish reversal from downtrend at last hourly closing candle
5. Stock currently trading at trendline breakout where breakout turn strong bullish momentum
6. BUY at current level 678 for intraday target 682-685-692 For stop loss 668 bellow intraday support 672
* THIS IDEA IS FOR EDUCATIONAL PURPOSE ** trade at own risk . !!
HAPPY TRADING. !!
Adani Port - Moving in RangeAs seen on chart, we can easily see that Adani Port moving in a range of 230 points....any break of either side will give Huge move on upside or downside
Support at 655 and resistance at 885....Now watch out both levels....
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ADANIPORTS @ SupportNSE:ADANIPORTS
#NSE:ADANIPORTS trading @ support and retested, 637 could be the next level, few chances to bounce.
Happy LEarning !!
Adani Double Bottom On 15 min time frame the stock is formed a double bottom pattern and trading above 685 will breakout this pattern. A good potential up move in the card.
ADANI PORT - 21st June 2022Stock at Key Support Area of 660-620.
Holding of these levels can help Bulls drive prices higher.
Break of these levels can cause some price damage by bears
GOING TO KILL ADANI PORTS Adani ports is looking weak on weakly charts gives negative divergence on relative strength index (RSI) too and by chance market is also supportive for contra calls
Trading near support level When price trading near a well defined boundary . Our work manage our qty and risk . If price break lower boundary and sustain then exit and if hold upside not limit .
GO LONG ON ADANI PORTSNSE:ADANIPORTS
According to price action
It is at its daily supports zone . Also it have shown many time multiple support from the price from 660 to 640 previously.
If it takes retest a short term target can be seen of 695 and even can go to 720 in many days . But in such volatile market even such prices can be broken so be careful.
If 620 price level broken it can go upto 560 .It have very less possibility
This is educational purpose.
Target 6️⃣3️⃣3️⃣Down Fall ⏬Confirm Target -633
Duration - 1 or 3 trading session
Adani Ports looks bearish on Daily & Monthly TF due to drop in Long wick candles on Monthly and a Bearish Divergence on RSI in Daily TF. A rising wedge pattern is currently being formed a daily TF.
This is solely my view and for educational purpose only.
let me know your thoughts in the comments section
VIEW ON ADANIPORTSMy view explained in the Text on the chart.
Although AdPo results were not that great, the stock has its own momentum. This week's moves in it will tell us a lot more on future price movements.
intraday buying ideabuying idea for intraday in adani port
consolidating days lower levels and getting bounce
ADANI PORT - 17th May 2022RangeBound Action
Confimed 3 Weekly Closes
Above/Below this level will result
in Directional Move
ADANI PORT end of bull rally?Adani port has just completed its bull run, which was started
from march 2020 from low of 203 to high of 924.64 on April 2022.
It appears in the bull run its 5th wave was completed on April 2022
with a high of 924.64. During this bull run it had its third wave terminated
on June 2021 at a price of 901. Before that it had a brief second wave which
was shallow in retracement and lasted for small period of time.
As per Elliot wave theory of alternation when second wave is shallow
fourth wave becomes little longer and fourth wave always takes more time than second wave.
After Adani port ended its third wave there came FPI account freeze by NSDL which witnessed
huge selling of all Adani group of stocks. It coincided with its fourth wave retracement.
The stock continued to move in a consolidation zone from April 2021 to march 2022
with no major change of price. And ultimately its breakout took place and it touched all time high of 924.64
in the month of April 2022. After its touching its all time high it started declining which normally takes place
at the end of bull run. And this is also coinciding with all the central bank through out worlds tightening Moneytary policy including our rbi to curb inflation. As a result Adani port which had a 52 week high in April this month approaching its 52 week low of 638 in the month of May 2022.
Of course it is difficult to say if it will reach that in May2022.
I have been tracking adani group of stocks very closely and shared its 5th wave and this decline with some persons closer to me.
Please go through my Reliance posts which I have been publishing in trading view since many days.
Don't forget to like this post and follow me to get updates.
please go through my posts of Reliance attached here with.
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.
