risky buy, ADANI SPECIAL PORTS BREAKOUTMonthly zone and previous high broken decisively. Expect a rally like adani green
ADANIPORTS trade ideas
Adani PortAdani Ports & Special Economic Zone is in the business of development, operations and maintenance of port infrastructure (port services and related infrastructure development) and has linked multi product Special Economic Zone (SEZ) and related infrastructure contiguous to Port at Mundra.
Stock for short-term...
small Stop-loss and big Target = Good Risk-Reward.
DISCLAIMER :
**I am not SEBI register..**
**This is not an investment or Trading advice. This is Just for discussion/paper trading purposes.**
Roy's picks for April 25, 2022My selection of stocks based on 44 rising SMA , weekly bottom fishing method, and all time high methods. My strategy is to hold for approx 10 days and take 5-10 return. These are experimental only and I have no guarantee that this is going to gain a profit. My own probability instinct is 50:50
Adani Port Broke 42 week consolidationThe stock has been trading in a 42-week consolidation.
Today, it broke out from a downward sloping trendline connecting the high of June 2021 to that of January 2022, on above average volume.
Simultaneously, its RS Rating has trended upward.
The slope of the momentum indicator RSI on multiple timeframe charts has turned upward with a positive MACD crossover.
The stock has a good Buyer Demand.
Target is 880 / 1000
Swing & positional trading opportunities for next week (4th Apr)During the week ending 1-4-22, Nifty hit a high of 17703 which is a great recovery from the lows of 15671 hit in the month of March 2022. A 1,000+ points recovery within a short period of time indicates that the overall market sentiment is bullish and should the global situations improve, Nifty may well be on its way to cross to 18000 and thereafter the retest of 18604 which is the All Time High.
This may sound simple and easy and it may well end up being so if the FIIs keep ending each day as the Net Buyers. The recent recovery has been possible only account of either FIIs not selling as aggressively as before or they ending the day as Net Buyers.
For now, the indices look good for creating long positions. However, on a sector or a stock level, the situation may be quite different as the risk-reward that was quite favorable when Nifty was below 17000 and even 16000 is no longer going to be as painful as it was.
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Adani Ports is near breakoutAdani ports is trading near resistance zone and closing above 755 will confirm this breakout.
Buy and hold when close above 755
Target 800.
Adani Ports and Special Economic Zone
The company's cargo volumes accelerated to 300 million metric tonnes. The largest transport utility is on course to achieve 500 MMT by 2025.
