What traders are saying
AdaniPorts 1HJust placed my idea in Position drawing.
Red Zone: Resistance or Breakout Zone
Grey Zone: Repeated Hurdles (Support/Resistance)
Green Zone: Support or Breakdown Zone
Note: BUY above Red Zone
BUY at Green Zone.
SELL at Red Zone or Trail at Grey Zone
Just follow the Entry & Exit. Trail SL after 1:1 to Cost + Brokerage.
Also you can ask for my views on any chart.
A Fresh lookThis is my trading journal, not a trade recommendation. Idea presented only for educational purposes for me and others who want to benefit from my experience.
Analysis @ Daily candle :
Last candle is Open equal to high(15July), but price higher then previous day open and close; taking resistance from prior PAZ/Flag Limit/Base, Absorbing the supply at PAZ.
Double bottom reversal (DBR) confirmed; Measured move done for DBR.
AB=CD of swing move awaited;
First Pullback of AB leg,
Can consolidate b/w 715-740
Trade Plan:
Wait for breakout of last swing high( entry at H2 breakout confirmation), or spring action near 715(if consolidation occurs); Higher risk reward ratio in case of spring entry.
Entry above 738.5 (2 lot) stop loss below 713; approx. 25 points
Target 1st lot @ 758; approx. 20 points
Target 2nd lot @ 800; approx. 62 points, Can trail stop loss based on structure
DISCLAIMER:
Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past performance is not guarantee of future gains.
Adani Ports Ltd. A swing trade opportunity ?As per the technical analysis, we have witnessed a "Double Bottom" pattern formation in Adani Ports Ltd. on a daily time frame with the neckline just breached on Friday's session. The stock is expected to face a rejection in coming week as it is approaching it's 200 day and 50 day moving average. Also the volume leves were decent enough on Friday's session. There could be 2 trading opportunities in this stock.
1. One may enter at current levels as we have just breached the neckline with decent volume levels. (Liitle risky)
2. If the stock goes above the neckline in the coming week, one may wait for a retest of the neckline level which will provide some extra confirmation. (most preferrable)
The stock may see an upward move upto the levels of 745-755. On the downside, an ideal stop loss should be around 695-698 levels.
The above analysis is just for educational purposes only. Investors / Traders are required to do their research before entering into any position.
ADANI PORTS Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
AdaniNSE: ADANIPORTS
If Breaks Then The Targets could be Taken at 743
Time Frame :- 1 Day
Patterns Name :- Double Bottom
We are not responsible for any profit or loss
Based on Your Own Risk this is only to Show you the Current Pattern
Comment Below If You want to ask me questions on this on any other idea
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Made By MAYANKTECHRESEARCHING
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. !!
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