ADANIPORTS trade ideas
ADANIPORTS (Possible Head & Shoulders Pattern & RSI Divergence)Early Indication of Selling in ADANIPORTS with RSI Divergence & a Possible H&S Pattern.
Confirmation of Short Trade, once Neckline is Broken & RSI falls below 50.
However a better Short Trade would be at a daily close below 689.50
Failure Point & Stop Loss: 790
Measured Target as per H&S Pattern will be around 500 - 515 levels
Do Not Average if you've bought at the topThose levels are reacting very well and the price is likely to run along these for some time. If it breaks 691, a huge slump may come. But as of now you can trade between these levels with tight stoploss. Shorting would be ideal.
Adani Ports: Great Assets First Target : 600 !!
Then there would be a recovery.
Final Target: 420 !!!
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.
CAUTION 700 Percent OI change !!WTF !!!!!
this is the highest ever seen builtup of shorts in a single day for both current and next expiry
700 % buildup....OMGGGG
5 years into trading and this is the first of its kind
with margins set to increase after 3 days, this can take any turn from here... steady decent or EXPLOSIVE short covering
ALL TO STAY AWAY
20% Lower circuit and now again on a good level - Power of ADANII JUST LOVE WATCHING CHARTS DANCE THAT'S ALL :)
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➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
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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
Adani Ports view and levelsNSE:ADANIPORTS
Looks like the breakout is a good one.
Planiing to enter at the rest or when the high of the small red candle is taken out.
Some scam related rumours are happening with adani stocks if heavy profit booking is happening right at the open itself I will be avoiding this
Question on Adani PortsStock is facing some resistance near swing high of 885
For short term remain Positive till trading above aggressive trendline.
ADANI PORTSA flag formation can be seen in the charts of ADANI PORTS. If it breaks positively from this flag trend, we can see a good up move in adani ports.
I would recommend keeping a good watch on this and this can be added in portfolio if it gives a positive breakout from this flag range!
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Adani ports has given a nice breakout.Adani ports has given a nice ascending triangle breakout.
upside short term target might be seen in coming days
ACCUMULATION-TRIANGULAR-BREAKOUT-VOLUME-PROFILEDisclaimer-:
1. FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED.
2. Do ask your questions in the comments if any.
Volume Profile-:
Using Volume Profile one can identify probable accumulation or distribution regions by comparing the historical Volume at Price and current Volume at Price.
2. If the current volume is low, its mostly a pause before the trend resumes
3. If the current volume is higher or equivalent to historical levels then either the trend will resume or it may reverse. If it resumes then we have more strength in trend due to more accumulation. So a breakout/breakdown will confirm in this case
POC-: The red line in volume profile is called Point of Control. This is the level where max volume of transactions have taken place.
OBSERVATIONS-:
1. Triangular Breakout and then resistance at 884 level.
2. But the recent volume is comparable to the historical volume that accumulated before the long rally happened. This time its highest.
3. I would bet another round of accumulation is happening. So breakout above 884 level will confirm the accumulation and long position can be taken
ENTRY-:
Confirmatory breakout above 884 level.
TARGET-:
Since the expected rally could be as big as previous one since the accumulation is highest in the current region so we aim for at least 100% Fib Ext Level- 1270.
STOP-LOSS
784 was a short-term resistance level. So somewhere below 784 would be a good stop-loss. Keep trailing stop-loss
EXIT
Since the target is above all time high. Its a provisional target level. So it doesn't make sense to exit at target rather hold on to it as much as possible and keep conservatively trailing stop-loss. Following can be used as exit signals or bearishness signals.
1. If there is bearish candlestick pattern in 1D timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low)
2. If there is RSI Divergence in 1D timeframe, better to exit at close of 1D since afterwards there can be long consolidation or reversal.
3. If the trailing stop-loss is hit, please exit
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NSE:ADANIPORTS
Adani Ports - Ascending TriangleAdani Ports is forming an ascending triangle pattern
Trade whichever side the triangle is broken with targets and SL as per your risk appetite
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Please stay safe. Happy Trading!
Regards,
Segan
