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ADANIPORTS | An Early Attempt to Capture the TOPADANIPORTS | An Early Attempt to Capture the TOP
ADANIPORTS gave a Rock On performance as published on 13-JAN-2021 | | Currently trading above final target of 729 | What Next ?
Week starting 22-Mar-2021 is 52nd week from an important low of 203 formed on 23-Mar-2020 | Yearly Time Cycle | Could be a potential reversal zone
More precisely, 23-Mar-2021 is the first anniversary date from low of 203 formed on 23-Mar-2020
This stock is approaching a very important Gann resistance level of 798 | The bullish run started from 203 level would be completing 7th Gann Price Cycle at 798 | Yes, the Fatal Number 7 !
Week starting 22-Mar-2021 could potentially be a Gann Price Time Square zone as well | Gann angles (1x1) drawn from low of 203 would nearly meet 798 level in the week of 22-Mar-2021
Reduced momentum | Indicator Divergence
For now, important levels to watch above 798 are 841 / 900 / 915 / 1000 / 1040 | Support levels below 729 are 699 / 649 / 625 / 576 / 512
This is not a trade recommendation. Levels would be updates as per the Time and Price actions.
Adaniports - 4 years break 300 points movePrice was trying to break the resistance levels for at least 4 years and finally succeeded in 2021 and look at the powerful move of 300 points after the breakout.
One can notice before the breakout there was a pattern break as shown in the analysis which was very strong with big momentum.
Once it reached the 4 years resistance then the momentum slowed down and price comes down to retest the breakout level and moves up dramatically. ( One cannot expect retest always )
Follow up.
How To Trade a Bullish Hammer (with Live Example)The hammer candlestick is a bullish trading pattern which may indicate that a stock has reached its bottom, and is positioned for trend reversal. Specifically, it indicates that sellers entered the market, pushing the price down, but were later outnumbered by buyers who drove the asset price up.
Swing Trade in Adani PortsOnly for Educational Purpose. Trade at your own Risk.
Enter @ 683, Target 709, 734.9
Reasons for Long above 683
1. On a 2H chart if we draw Fibonacci retracement from point A (lowest swing) to point B (highest swing till now) we see it has made a bullish hammer at 0.382 Fibonacci level.
2. Also around 0.382 Fibonacci level there is a demand/supply zone. In the month of February 2021, it was facing resistance and then gave a breakout from this level. Now it is testing the same zone and now it is taking the support.
[HP] Adani Ports Short IdeaTarget should be slight above than the drawn one (theoretical). Like 660.
Refer the chart.
If it gaps up, wait for gap fill.
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. Please refer to the link to my footer and explore further if You want.
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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.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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🚢⚓🛳 #adaniports #nifty #bankniftyNSE:ADANIPORTS
one can long till coming PRZ and book long only if find reversal at PRZ and one can wait for that level to come and at that time if find reversal go for short from there.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
ADANI PORTSA doji star candle stick formation can be seen on daily time frame this can indicate revarsal of trend for short time as the stock has run up too much in such a short time can short below 718 levels. For confirmation it must open with a gap down . RSI indicates it is in overbought situation.






















