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looking goodDISCLOSURE
This is only for educational purpose
This is not a recommendation
I am not SEBI registered
Do not TRADE/INVEST basis what I publish here
I am not responsible for your loss or gain
It is prudent to assume that I have ulterior motives in publish this
I and my clients might or might not have a position, I and my clients might or might not have a opposite position
Adaniports Short short termI hope you can now see how AdaniPorts represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
[Turtle] AdaniPorts 700PESold Adani Ports 700PE at 10.35
Bought Adani Ports 780CE at 9.5 with target of 20.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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Simple Trade Setup | ADANIPORT | 03-11-2021 [ INTRADAY]NSE:ADANIPORTS
I am posting this chart on request from one of the follower on Twitter.
Observations:
1) On daily time frame, we can see it has been trading below 200DMA and facing resistane from it.
Which is a bearish sign.
It has to break and sustain above 200DMA to start bullish journey.
200DMA is placed at 711.73 level.
Please refer below chart : 1 day Time Frame.
Also, we can see from the chart that 720-735 level range is critical resistance.
Safe long trade can be taken only on sustainable breakout of this range.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date 03-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
ADANIPORTS is near Buy zoneFact on ADANIPORTS:
1. It is in 4th wave of Elliott wave (weekly chart)
2. It has well respected all fibonacci ratios (retracement as well as extension)
3. Wave 1 was a diagonal and 3 extended to 1.618x of 1.
4. Wave 4 has retraced to 38.2% of wave 3 and making "ABCDE" pattern.
5. Let the pattern complete and investment may be made around 655-665 levels for good targets.
6. Wave 5 targets are taken from 38.2% of wave 3 to 61.8%. (minimum would be 900)
Please support my analysis, if you really liked it please hit the like.
(This is not a trade advice at all.)
Regards
Adani Ports- Time to Rise upAfter a consolidation period of 2 Months (from June 21 to August 21) forming a Equilateral Triangle, it has broken the triangle with good bullish candle. If the candle closes above the triangle in DTF, I would enter the trade in long side.
So, my Entry would be at 710,
First target at 750 (because of resistance)
Second target would be at 820.
Please trade at your personal risk, after analyzing the chart yourself.
FY21-22 Swing Trade Idea #195: Long on ADANIPORTSThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
ADANI PORTS PRICE ACTION ANALYSIS. Adani ports' price has corrected a long way and now it is near the breakout zone. If the price sustains above the 762 level then it can go near the supply zone.
There are 2 scenarios here,
1. Go long if the price breaks out at the 762 level.
2. Go long near the demand zone, if the price gets rejected from the 762 level.
This demand zone must give good support to the price. So, place your stop loss below this.
All the levels and zones are mentioned on the chart.
Happy trading :)
This is just for educational purposes.
Adani Ports - Is there a Breakout round the cornerAction Till Date - Since the news-based fall has come in the Adani group shares, Adani ports, along with other Adani group stocks has been trading in a range with most of the stocks yet to gather the steam. While Adaniports has shown some good momentum in the starting week of the September series, it didn't give a decisive breakout from the consolidation price range ranging from 654 to 762. As one can see in the chart that the stock has formed a classic flag n pole structure and the stock didn't sustain in the flag range.
What to expect -
Downside - As discussed, the stock didn't sustain into the flag structure and it is taking support @ 100 DMA (734.88 as of 22.09.2021). If the stock gives a breakdown, there is a 90% chance for the stock to retrace till the level of flag bottom i.e., 719. If the broader market takes a breather and the stock manages to break the level of 719, one may expect the stock to test 655-54. SL will be 100 DMA on a closing basis.
Upside - If the stock gives a bounce back from 100 DMA, it will fill the gap at 803-821 (created on 14.06.2021) which will be it's first target. The stock may go for a small retracement post which it will be all set to take out it's life-time high. SL should be placed below 760 on a daily closing basis.
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