📈 Adani Port 📉
Adani Port, Since June 2021 forming a textbook pattern of Triangle as you can see in chart beautifully following lower highs and higher lows, And Day by day range was getting narrower.
Today what I found is that it has closed below lower support of triangle on closing basis. Yes Not a good sign keeping in mind that markets are in jittery mode...
The Bollinger Band Squeeze occurs when volatility falls to low levels and the Bollinger Bands narrow. According to John Bollinger, periods of low volatility are often followed by periods of high volatility. Therefore, a volatility contraction or narrowing of the bands can foreshadow a significant advance or decline.
AdaniPorts On Hourly chart Showing Good Squeeze...
NOTE:- IDEAS WAS POSTED PRIVATELY FOR CLIENTS .
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--- Trade was given on 02 -JUNE -2021
---Trade is Closed in PROFIT on 07 - JUNE -2021
FULL TARGET done now..... 🎯
--Buy Above =816or CMP
--Stop-loss = 801
--lot size =1250
--Expected Profit =86,000 ( 8.50% )
👇👇👇👇👇👇 CLICK the chart for the...
PRICE GAVE CHANNEL BREAKOUT IN TODAYS TRADING SESSION @ 772
TODAY'S MOVE SUGGESTING END OF AN CORRECTION AND START OF NEW IMPULSE.
BREAKOUT IS ALSO ACCOMPANIED BY MACD REVERSAL
EXTREMELY FAVORABLE RISK-REWARD RATIO FROM CURRENT PRICE.
LONG @ CMP OF 780 AND ADD IF PRICE COMES @ 772
STOP LOSS OF 736 ON CLOSING BASIS