Adaniport for longterm portfolio!!!!!!!!! ------HIGHLY RISKY TRADE-----!!!!!!!!!!
DAY 3
This chart analysis solely based on the technical chart -1week TF
accumulation price Rs .520----Rs.565
#risk of 65rs
stoploss 500
#
Holding period ---1year
target ----650,700,890
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Trade ideas
Adaniport - HourlyAs I posted an analysis for Adani stocks earlier as a composite Adani Index .
The stocks are still making a lot of news since last one month, however just ignoring the news and sharing my view based on price action in this analysis. Will be tracking it ...lets see if this small risk reward trade works out
ADANI PORTS - VALUE PICKI had personally bought Adani Ports last week around 450 zones...The company has monopoly in PORTS business.
Once Adani Enterprise settles, PORTS will be good mover on upside...It has touched Monthly DEMAND zones...
This stock was not in Bubble and price move on downside is more on SENTIMENTS effect.
ADANIPORTSIn the weekly chart of ADANIPORTS, we ca see that immediate buying has happened at extended Trendline of last breakout i.e.400 level .
Wait for Bullish Candle or let it form a Bullish Pattern.
Buy half qty at 400 Level and half qty at 365 level if it comes.
ADANIPORTS has bright future, stay stable and hold it for long term.
Breakdown in Adani Ports And Special Economic Zone Limited...Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Adani Ports - Important zonesKey highlights:
- Distribution cycle complete
- Range low will act as a supply
- Tapped into the weekly demand zone
- Need to wait for the structure to develop on the daily time frame
- Flip zone at 400-430
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView






















