ADANIPORTS trade ideas
Possible Buy Adani portSwing trade: Risky
Adani port at a very imp level: 390
If price consolidated, expect a buy 392 level.
Wait for bullish candle
Target 400+
Adani Port double top and bearish divergenceAdani ports is giving a break down from its double top structure along with the bearish divergences when the price made higher high Stochastic , MACD and MFI made lower highs, target on the down side seems to be around 350
Adani PortsIn last one year this is the third time that Adani ports has formed cup and handle pattern.
We need to watch out whether this pattern will succeed.
This pattern is more meaningful in weekly or monthly charts.
ADANI PORTSBroken out of falling channel..
Possible to hit targets marked in yellow if crosses 1st yellow line.
ADANIPORTS Long Setup [Intraday]NSE:ADANIPORTS Long setup at 342.25 with SL at 340.10 and three potential targets.
Note:
Please Consult Your Financial Advisor Before Taking Any Decision
Always risk 1% of account size per trade, adjust the position size accordingly
