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.
Adani port with today's price action has confirmed the breakout above 200 day EMA with huge volumes. Looks set for levels of 270 and 300. 235 can be stop
