ADANI PORTS has made a diagonal structure after the drop. As wave 1 completes, there would be 38.2-50% correction on the stock which are important fibonacci levels. These levels also coincide with a strong resistance area where a bullish reversal can be found (wave 3). This idea is based on the Elliott Wave Theory. Trade/Invest with your own risk management.
As per my analysis, if NSE:ADANIPORTS 45min candle closed above level of 655, we can take buy entry with stop loss of 623. My expected upside target would be 671 & 698.00 Note: This is my personal analysis to learn stock market behavior. Thanks.
As per my analysis, here are major support & resistance of NSE:ADANIPORTS for upcoming week. Note: This is my personal analysis, only for learning. Thanks.
I am not very good with Fundamentals, but I know how to read these Candles, If all this Hindenburg mess was a halt and Adani Cos holds its ground, I think in just couple of years we might see it trading near or above its previous ATH. For Suggestion my DM is always open
Long above 926.50 , T1 - 959.45, T2 - 993, T3 - 1027.30, T4 - 1056.05, T5 - 1085.20..... SL - 895. Short Below 891, T1 -868, T2 - 837, T3 - 828,T4 - 800, T5 - 775........ SL - 920
Adani at make or break levels.....Its fundamentals are good so I m expecting it to make. Lets see what it has planned
ADANI GREEN , Pull Back Trade . BO Above 1060 Will Take it to 1200, 1280 , 1360 …..
Short Term Stock Option Buy ADANIPORTS SEP CE 390.00 @12-12.5 SL 7.20 TGT 23 1. Break out the first resistance 355 nest resistance is 395. 2. Above VWAP 373 if stays then we can see it gets closer to second resistance 3. CUP and HANDLE pattern is formed so its also supporting the upside. 4. TK cross over along with MACD cross over indicates the upside momentum.
Open long-only & only above 320 Stop Loss: 309 Target: 332/350/372 Timespan: 1st Target comes in 2-3 week