ADANIPORTS trade ideas
ADANI PORTS PRICE DECLINES...
I Just wanted to share my view with u all. As per my prediction, after a long time correction in Adani ports, price just breakdown. So expecting a great downfall ahead. Analysis shows price can go unto Rs.440 in long term view. This is the best time to enter in short with a first target of Rs. 645.
Adani port BearishAdani port is looking bearish on chart. Weekly and daily price is below 50 EMA. Anad also below 20 SMA. Price is also moving in channel. All EMAs neagtive.
Weekly MACD down and negative crossover
Daily stochastic negative crossover from overbought zone.
RSI is in downward momentum.
ADX is strong