Adaniports head and shoulders Resistance acting as support MACD divergence Can sell below 291 SL 300 for trgt 284-272
HNS Neckline shifted lower .. sell only if 291 is breached and sustained
Adani Ports formed a bearish Gartley Pattern in the 1 hr charts. We can expect the following targets: T1: 284 T2: 279 SL: 300
The chart has broken out of symmetrical chart pattern. Stay long for a target of 330-35. SL 272
Price action of adaniports shows weakness by the formation of triple towers. Now adaniports is trending within the channel, but if the channel is tested when the main index is weak, it can reach 270, 265.
Bearish Gartley and AB=CD are about to complete right at a 1.272 Fib Ext.
ADANIPORTS Book profit(Only you have the stock in profit). Long term investor book 75% now and re-enter below 265.00 soon.
Prices have formed a Double Top at the Supply level of 291, confirming weakness. Looking for 278-275 zone going forward. Trade gets negated on an hourly close above 291.
A double bottom is formed on Adani Ports which looks like is breaking today. A successful break will lead to good upside
Excited that Intraday target got hit closer to the target zone mentioned 278-280 above 272- Getting Rejected from the zone 278-280's -at the end of the session- shall return back later & waiting on sidelines. Click the chart below & Use load bar feature Adaniports 2016 Diary- No trade Zone between 255-272
I shall wait for 272 to cross on upside in that case it can push to 278-280 zone where it might get resistance. Or Going below 255 support for target zone 245-247 This is how we moved in 2016 Let it hit a breakout point at 250 Power of 2 McDonald Meal- Up-Up & Away Careful below 245
Adani Ports has now came to very critical point. Further Breakdown below will complete the pattern and then it may have a steep fall towards 200. Take the trade only on close below 252. Huge Rewards Potential . Will update the targets and SL later once we confirm the trade.
L-S- Long First & Short Later Since Aug2015 Highs of 375- Adani Ports have been moving into larger corrective structure & likely to touch 100-120 zone in the coming years where (C) wave will measure the same distance which has been travelled in Wave-(A) at lows@170 from high@375 forming a double bottom. Since double bottom- it was again an irregular structure...
Adani Ports after breaking the uptrend has been retested the resistance and it has reversed touching the resistance,traders may go short in Adani Ports as first target of 261, and second target 248 second target in near term.
short Adani port @ 279......about to break lower trend line.....about to break 100 DMA......about to breakdown ichimoku cloud.......target 274