ADANIPORTS trade ideas
ADANI PORTS | ASCENDING TRIANGLE | BULLISH CONTINUATIONADANI PORTS stock was trading in a downtrend making lower highs and lower lows, getting rejected by a downtrend line.
on 25 July, the price broke and closed above the downtrend line, signalling price might start moving up now.
Also, check how price is continuously making higher highs and higher lows just before breaking the downtrend line.
This shows, buyers are strong.
Currently, the price is consolidating in an ASCENDING TRIANGLE which is a BULLISH Continuation pattern.
I would be interested in the stock once Daily closes above 760 with stop loss below 725.
Targets:-
1. 825
2. 910
3.975
But first, wait for a daily breakout above the triangle.
ADANIPORTS - Weekly trendline break and back testing the sameADANIPORTS has broken the weekly trendline and has back tested the same and held so far.
I see demand zone(Support levels) between 710 and 690.
As long as it holds those levels, see it moving towards the first Supple zone between 760-780.
If we breach that area, next targets would be 820/860
Adani port short Adani ports can be a good shirt opportunity if it breaks the important support of 714. A waterfall structure can be followed by taking short position in Adani ports from the retest levels of 726. Targets for this position are
- 700 t1
- 660 t2
It would be ideal to take a short on the retest till 726 levels
Adani Ports Strong Recovery with Highers Highs and Higher LowsAdani Ports has displayed a robust bullish trend, characterized by higher highs and higher lows, leading to a recovery from the earlier sell-off. Currently, an expected pullback towards the support level is anticipated to accumulate more buying pressure before initiating another rally.
Adani Ports out look for next 2-3 year Disclaimer : It is not a financial advice am not a professional I don't take responsibility for your loss or this post is not to hurt anyone sentiment or reputation it is for educational
purposes.......
This is what my outlook on this trash stock now bubble has burst
Rejection from 0.618
On top of supreme court prob and sebi stalling the case, the future is not looking very good here
we see how it does at market region if its looks good then we buy guys don't hold losing trades the next wave is going to be big
we are holding short position here
Adani ports opportunities to investor Adani port the price rannge of 640 to 650 is very important the price is multiple time support in this price.
This time share price of adani ports is above the 650 and hold this price. If you are interested to invest Adani ✨️ Stock this is the right time to Buy this stock
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