What traders are saying
Adaniports - 50 EMA Breakout and Parallel ChannelsAdaniports gave closing below 50 EMA and is taking support on the parallel channel. Short Positions can be initiated once the support is broken and a target of 200 EMA can be achieved and the key to it would be sustaining below the level of 748.
Please let me know your suggestions as well
Thanks & Regards
Hritik Kaushik
ADANIPORTS Swing trade idea#ADANIPORTS : Flag and pole pattern visible on hourly timeframe with Pole length of 50+ points. Swing buy at 740 for 790 with Sl below 732. Call option of strike price of 740/760/780 can also be taken. Whenever the trade triggers, target should reach in max 3 days. #Swing #Positional
Adani Ports and Special Economic Zone Ltd.After the news flow about the NSE:ADANIPORTS in the market, it crashed like anything, eroding about 30% of the market capitalization from the all the high level.
After a consolidation of more than 2 months, NSE:ADANIPORTS has broken the pennant pattern and ready to invite the bull gang to take the charge.
One may initiate a long position with a stop loss below 665.
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