Nifty 50 Stock Analysis Series - 5th stock - Adani Ports
Nifty 50 Stock Analysis Series - 5th stock - Adani Ports:
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Weekly Timeframe:
1. Flag pattern formed with ATH of Rs.875 and low ATL (rally low) of Rs.360
2. Flag been waving since 02nd week of June 2021
Daily Timeframe:
1. Forming slightly Inclined triangle - No strong indication of the bull rally.
2. Forming strongly declined triangle with the same level of support + reduced resistance - bearish
3. ABC correction wave forming - (B to C) is forming now. Need to wait to buy
4. Entry Points and Target Points are mentioned in the chart.
Note:
I'm not recommending buying this stock. This is for education purposes.
This is my view, based on my learning.
Please do not trade without your own conviction.
Please invest after careful research. I'm not responsible for your profits/losses.
- Gnanasekaran
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Weekly Timeframe:
1. Flag pattern formed with ATH of Rs.875 and low ATL (rally low) of Rs.360
2. Flag been waving since 02nd week of June 2021
Daily Timeframe:
1. Forming slightly Inclined triangle - No strong indication of the bull rally.
2. Forming strongly declined triangle with the same level of support + reduced resistance - bearish
3. ABC correction wave forming - (B to C) is forming now. Need to wait to buy
4. Entry Points and Target Points are mentioned in the chart.
Note:
I'm not recommending buying this stock. This is for education purposes.
This is my view, based on my learning.
Please do not trade without your own conviction.
Please invest after careful research. I'm not responsible for your profits/losses.
- Gnanasekaran