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.
What traders are saying
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
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.
Expecting a bullish momentum in ADANIPORTS As per the 2 Hour Chart of ADANIPORTS, we have witnessed the formations of an inverted hammer, and a bullish harami followed by a confirmation candle on the downside levels.
Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein, the stock is being expected to face a resistance initially at around the levels of 775, 788, and 803. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 744, on closing basis.
Closing Price (as on 11.05.22) : 762.90
Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
ADANI PORT-- INTRADAY SETUP -- 09/05/2022ADANI PORT -- HOURLY CHART -- INTRADAY SETUP --09/05/2022
1. stock seen at oversold line at hourly chart , most possibilities bounce back from this level as seen on chart wave trend seen move upword.
2. Resistance line as well as trend line intersect the point where stock close at last trading session sub 812 level
3. breakout of resistance line and trendline will be above 813.50 level stock will be seen upside movement near term
4. strong support seen around 800-810 level whereas resistance seen around 840-850 level
BUY ADANI PORT intraday above 813.50
TARGET 825-835
stop loss 795
&& THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk
HAPPY TRADING. !!
Breakout From ConsolidationAfter a hugh upmove stock has been in consolidation.
Now stock has give a good breakout with almost highest volume since Sep 2021.
It has been consolidating and strongly taking support at 038 fibo level.
For last three weeks it have been approaching the resistance line and now gave breakout.
There is high probability that it may make a new fresh 52 week high in upcoming weeks.
This post is for information purpose only.
Do not consider it as call.
Buy ADANI PORTS for 1050 plusADANI PORT has given breakout above 900-905 range. But technical indicator showing bulls can be trapped as RSI in overbaught zone while MACD is very near to 0 levels. Need proper consolidation around these range for fresh journey towards 1050 to 1100 levels. Invalid below 850 range
Range breakout in Adani PortChart -> Adani Port Daily
Range breakout in Adani Port as it has given close above previous all time high of 901. The breakout has more than a year of consolidation behind it, which is a great trigger for the stock.
CMP: 909
Target: 1150
Stoploss: 820
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.






















