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Buy Today, Sell Tomorrow: ADANIPORTS for more than 5%DON'T HAVE TIME TO MANAGE YOUR TRADES? | Trendline Breakout in ADANIPORTS
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
- SL can also be maintained as 1% or closing below the low of breakout candle
Levels mentioned on the chart are calculated using Breakout Indicator
Now why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Buy Today, Sell Tomorrow: ADANIPORTS for more than 5%
ADANI PORTS with multiple targetsScript has been in a consolidation phase by taking good support at the bottom paving its way for an entry with minimal SL. Also has been taken support from 200DMA . Multiple targets could be the safest bet . There is a hope that Pro budget push may give adequate volumes to push the momentum.
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Weak ADANI PORTSWe might see break out of triangle pattern. Stock looks weak. Index is overall Weak. All moving average have come together making convergence of strong Resistance. There is no volume that can justify the bounce from trendline.
SELL below 700/680
STOPLOSS at 725/745
TARGET for 600/550
Elliot Wave View: NSE ADANIPORTS (long)]January 27, 2022 NSE:ADANIPORTS by Dinesh Naidu (Elliotician)
Hello Traders, In this technical analysis blog im going to take a quick look at the Elliot Wave Charts of ADANIPORTS Cash NSE.
Short Term Elliot Wave view in ADANIPORTS suggests that the fall from June 9, 2021 high is unfolding as a Running Triangle elliot wave structure.There might be a strong rally from this current level, traders just keep this scrip in your watchlist for Positional setup.
One can start accumulating the stock above 714 level, keeping the invalidation level @ 638.10 and target of 1013, 1093 odd levels in the coming months.
Despite some tentativeness around the key support level 689.90.
Initiation range above: 714
Invalidation level: 638.10
Positional Target: 1013, 1093
Disclaimer: The investments discussed or recommended in the market analysis, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and only after consulting such independent advisors as may be necessary.






















