Trade ideas
ADANIPORTS - 3 years consolidation breakoutADANIPORTS
1) Time Frame - Weekly.
2) 3 Years of consolidation breakout happened on 1st week of December 2023 & Now the stock has retraced its breakout point & consolidated 3 weeks & broken and closed today with a strong bullish weekly candle.
3) Recommendation - Strong Buy
ADANI PORTS | SELL @ 1080 - 1050Adani Ports has strong resistance zone at 1050 - 1080 and formed a bearish pattern at the top. Sell trade can be initiated in the resistance zone for the marked targets on the chart until 1120 is intact on the upside.
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Happy Trading!
InvestPro India
ADANIPORT DOUBLE BOTTOM APPROACH ABOVE 770-75 AREAas last time it not closes above 770 ..
this time again trying to cross that area ...
as double bottom pattern approach on daily weekly monthly,
indicator moving average positive way..
one may take risk with appropriate stop out observation or more addition till that level.
market always risky it may sharply go up or down.
decission is ur. risk is ur .
posted as me learning to try price movement trend and pattern with indicators.
adani port long viewadani port on daily chart closing above 772-776-778 area may it take upto 802,
to complete triangle pattern target level.(b.o at 702 for 100 point ).
and already 50% move done.
820-802 area is gapdown. filling this
but monthly closing above previous
highest closing area 776-780 will give more strength.
Adani ports- Chart shared for learning purpose onlyADANI PORTS- Chart shared for learning purpose. Despite hinderburg or whatever negative news, the stock went according to the technicals. Initially it was trading within a range of 260 point as can been seen in the yellow box and after that the box was broken down and went to the desired target of -260 points from the box bottom. The same can bee seen in the red box. within few weeks it came back to its original range. So whatever the news is, most of the time it performs according to the technicals only. very rarely due to panic selling, stocks will go against the technicals.
ADANIPORTS looks good for Swing TradeThe stock had been in a noticeable downtrend pattern, characterized by a series of lower highs. However, in a recent development, the price managed to break above the resistance line formed by connecting these lower highs. This break has resulted in a significant shift in the market dynamics.
The area where the price successfully breached the resistance line has now transformed into a demand zone. This demand zone serves as a pivotal support level, attracting buyers who believe the stock is undervalued at this level.
Interestingly, after reaching the demand zone, the price formed a remarkably bullish candlestick pattern. This candlestick indicates strong buying interest and suggests a robust bullish sentiment in the market.
Considering these developments, it appears that the stock is now primed for a swing trade opportunity. The shift from a downtrend to a bullish breakout, along with the confirmation of a demand zone and bullish candlestick, makes this stock an attractive option for traders looking to capitalize on potential price movements in the upward direction.
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising channel
📌 Symbol/Asset: ADANIPORTS
🔍 Description: Stock is in a Rising channel and now around Law of Polarity support. We might see bounce from here on.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
ADANIPORTS - Bullish Consolidation with volumesNSE: ADANIPORTS is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
📉 Alert! Bearish Pattern Spotted! 🐻📉 Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Rising Channel
📌 Symbol/Asset: ADANIPORTS
🔍 Description: Stock is around the resistance
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.






















