Anticipated Breakout in ADANI PORT SPECIAL to go LongReason to have this stock in your Radar:
1. Breakout from Triangle (Blue Lines) on 29 March 2022 after the price took support from Long term Trendline (RED Line)
2. Price might take resistance near Orange line. Once it crossed, we can have target at 886.
Target, Stoploss marked in Chart.
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Why Adani Stocks are rising?Many of you dont know but you can create an index for yourself. That means charts to be looked for a particular group of companies, or your portfolio, etc.
This helps us to catch momentum not only in 1 stock but for all stocks of a particular group, or industry. Or a mix of these 2 characteristics.
Adani Ports - Flag BreakoutTime Frame - Weekly
The stock of Adani Ports has been trading in a flag since May'21 forming a volume contraction pattern. Volume has also seen a clear reduction/limited activity in the same period. But in the week ended on 1st April'22, the stock has confirmed a flag breakout with a strong bullish candle along with a spike in volume as well. We will have to wait a bit to confirm if the breakout is genuine and if it is, one may form a long position during a retest of the flag with the below-prescribed levels
Entry zone = 750-765
T1 = 880
T2 = 1080
SL = 665 (One will also have to maintain the risk according to the broader market as support of the same will be required for the stock to tough new LTHs)
Do consider following the account if the idea served value to you.
adani ports hourly RSI breakout Adani ports hourly RSI breakout triangle pattern!
Adani Ports and Special Economic Zone's earnings over the next few years are expected to increase by 99%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value.
ADANI PORT - Triangle breakout + 200EMA consolidation - Swing The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.






















