ADANIPORTS trade ideas
Technical analysis of #ADANIPORTS for long term investmentHere is my technical analysis of #ADANIPORTS
▶️long term investments (using monthly charts)
▶️short term investments (using weekly charts)
Indicators :
▶️200 DMA
▶️Bollinger Bands
▶️Average True Range
For educational purposes only.
#stockstowatch #NSE
Technical analysis of #ADANIPORTS for short term investmentHere is my technical analysis of #ADANIPORTS
▶️long term investments (using monthly charts)
▶️short term investments (using weekly charts)
Indicators :
▶️200 DMA
▶️Bollinger Bands
▶️Average True Range
For educational purposes only.
#stockstowatch #NSE #investing
AdaniportsAdaniports has taken support from weekly bands, and after forming a triangle on bottom of wave 4, it has given breakout on upside with good intensity of volume, now price is above upper band in daily time frame, along with rsi above 60 and uptick, and dmi adx positive ungali setup, this could be a good decision to go long at these levels or in dips (if any) with stoploss of 664 for targets mentioned on chart.
Key Levels are Mentioned on chart
Has taken support from weekly bands
Wave Structure could be like this
Macd in Weekly Uptick and also above zero line
Macd in daily positive crossover and Uptick and also above zero line
Rsi in daily above 60 uptick
Bullish ungali setup in daily
Upper bollinger challenged along with trendline breakout with volume
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
Long opportunity in ADANI PORTThis scrip is at the breakout stage from a symmetrical triangle pattern. This scrip has also broke the EMA(20, 50, 100).
Do long this scrip only if today day's close is above the resistance, if not just ignore it don't trade. Swing traders consider this trade and msy their SL below the pattern's support with first target of Rs.753
Adaniports - Elliott wave analysis - B of ABC correction Adaniport - It is in ABC correction and B wave looks like forming triangle and one more wave away to finish it before C wave starts moving down.
Below 653, it will going to bearish and can go more downside up to 560 or lower. There is an alternate path of making B wave as abc and can go little higher up to 760 before it turn bearish for next leg as less probable count.
Share your comments, if you agree or not or having alternate count. Thanks