ADANIPORTS trade ideas
Adani Ports - Intraday Trade SetupAdani Ports CMP - 381.90
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at or Below ONLY 380 / Stop Loss 386
Target 1 - 376
Target 2 - 371
Target 3 – 368
Disclaimer: This is my view and for educational purpose only.
AdaniPorts - target Rs. 455 Can it happen by November 2020?AdaniPorts has shown profits and volume is good. We are seeing Wave 5 in the weekly chart, Wave 4 correction is almost over, a good time to enter for a 15% profit by Mid November 2020. Earning report is good too.
US election results are also good for the market as we have seen a good rally. Ichimoku cloud is also signally to buy. Overall, I am ok to put in my money for a few quick profit booking.
What are we looking at?
Adaniports target for November 2020 - Rs. 455 - Elliott wave / Ichimoku Cloud
Note, Wave 4 correction is almost over, if the volume is high, correction can happen fast? - if yes, can we get 15-20% profit by end of this month?
ADANIPORT - Elliott wave analysis - go long in pullbackadaniport - It is in ABC zigzag correction, where B wave was wxy complex correction, which was already over. The price is outperforming the Nifty. So go long near 354-349 with stop loss below 341 level for target above 376 or higher.
Give thumbs up if you really like the trade idea.
Bearish view on Adani PortsNSE:ADANIPORTS
The 15 min. chart of ADANIPORTS shows bearish view as it form three black crows at the resistance level of 366.90
It has also formed a bearish divergence with RSI.
In 5 min. chart is has slipped below the 50 days Moving Average.
It is about to form a bearish MA cross in the upcoming Trading Session.
It can possibly touch its support at 346 in upcoming days.
Target 1- 354(Inverse Golden Level 0.618 of initial support-resistance swing)
Stop Loss- 369
I can be 100% wrong.
Do your own analysis before trade.
Happy Trading!
Adaniport (NSE) - Elliott wave analysis - Sell set upAdaniport - It is within choppy corrective cycle of WXY. Y wave is in progress as ABC. Sell with stop loss above 363.30 at current level for target zone of 336 or slight below that level. The trade set up is having great risk reward ratio but having medium odd trade set up, so trade with small quantity.
ADANI PORTS MAJOR BREAKOUTADANI PORTS FACING STIFF RESISTANCE AT 356 Last couple of week ....After Multiple rejections last week price crashed .Now again the same level .RSI looks very strong Once it's taken out if sustain above the level we can expect massive Bull rally towards 430 Rs.....
My Advise : BUY 350 to 356 tgt 380 & 430 SL 330