What traders are saying
News in AdaniportsNSE:ADANIPORTS had been showing recovery from it's 650 levels but today there has a complaint filed against Adani. Let's see how does market behave tomorrow on this news or may be market has factored in this news in today's fall in Adaniports. I have marked support levels to track.
[Intraday] Adani Ports Short IdeaNote -
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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adaniports symmetric triangle a symmetric triangle on day time frame (my expectation bullish breakout )
long side target ------ 850/890
buy above ------------- 800
stop loss:--------------- 760
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short side target ------- 690/630
sell after breakout
stop loss----------------- 770 or 780
Adani Ports; The path takenFor new entry, STAY AWAY. This update is for those who have a position on the stock. I am strongly against averaging but there is a high possibility that the price might go up to the next resistance of 767. There is a strong bullish engulfing candle that has formed on Friday. So if you want you can average your position with a small amount. But do that only once and don't repeat. Averaging has a potential to wipe out your entire account. Best option would be to day trade and make some money to recover your losses. Keep your stop losses tight at 2% from your entry. This is a rule of 2 that I follow myself. BE VERY CAREFUL as things for adani are not looking good as a company per se .
Personally I will not average if you ask m e. See my previous update in the link. Message me for faster updates.
ADANI PORTS EAGLE EYE 1.ON MONDAY 21/6/2021 WE CAN EXPECT A DIP BUYING IN ADANI AS ON LAST DAY IT WAS UP 47 POINTS WHICH MEANS BUYERS ARE NOW INTERESTED.
2. SO WE CAN EXPECT A GOOD BULLISH CANDLE BUT THE WEEK CANDLE MAY END IN SIDEWAYS.
3.THERE IS STILL A RISK IN ADANI GROUP BUT PORT,ENTERPRISE ARE GOOD HOLD.
SHIVAM MISHRA,
MGB
ADANIPORTS (Possible Head & Shoulders Pattern & RSI Divergence)Early Indication of Selling in ADANIPORTS with RSI Divergence & a Possible H&S Pattern.
Confirmation of Short Trade, once Neckline is Broken & RSI falls below 50.
However a better Short Trade would be at a daily close below 689.50
Failure Point & Stop Loss: 790
Measured Target as per H&S Pattern will be around 500 - 515 levels






















