Adani Ports seems to continue its up trend journey further more, it has been remain in consolidation mode around two months and broke the consolidation period now the stock is ready to break the bullish flag pattern that formed on last week close,trader may enter long in this stock after breakout of flag for a target of 348.00, if breakout doesn't occurs it may...
Adani Ports after trading 3 month in consolidation took breakout alongwith false break of the existing trend and again moving in the same direction, now Adani Ports is touching its long term channel support 288.00, its a very good long entry point to enter this stock, if breakout doesn't occurs, we may see further upward movement in this stock to its next short...
Can this again bounce from lower end of the zone.
One can buy this with very tight SL of 246.
Breakout of zone on close will start a fresh movement. Lets wait and watch. :)
Target- 275
SL- 246
An ascending triangle on the shorter timeline. Flag/Pennant on the longer timeline (lowering volumes).
RSI breakout already done, so expecting upsides.
Any move above 280 means 320-325 expected | just in case it moves below 270 would expect 240-ish
There is a Kilroy pattern as per Edwards & Magee book or Inverse head & shoulder pattern which got activated yesterday -if prices come back to neckline & starts bouncing from the neckline then one can take advantage of going longs else if it goes below neckline & even below 264 highs -it shall confirm that bulls will take time to return back to Adaniports- In that...
There is a Kilroy pattern as per Edwards & Magee book or Inverse head & shoulder pattern which got activated yesterday -if prices come back to neckline & starts bouncing from the neckline then one can take advantage of going longs else if it goes below neckline & even below 264 highs -it shall confirm that bulls will take time to return back to Adaniports- In that...
Vow- There is good chunk of green candles from the expected zone 248-255- Day's low was at 247.55. Currently Trading at 262.
Regards
Abhishek H. Singh, CMT
in.tradingview.com
A-B-C followed an X-Wave in the form of double bottom was the continuation of its uptrend. Let the price fall in the zone 248-255 & bounce back to participate in the upside rally.
Current Trading at 270-275.. Let it hit the breakout out at 250- which is an ideal zone for the bounce as per daily chart analysis. In current situation going below 265 shall pressure adaniports.
