adani port is on the verge of rising triangle breakout
If breakout happens it will be a long wave of 25 percent
buy @ 790
SL - 750
target - 880 990
With an amazing Risk Reward ratio of 1:5
And we got the bullish breakout in #ADANIPORTS that i was waiting for.
Entry can be initiated at current market levels with strict stop loss below 740.
Keep booking partial profits at
1. 820
2. 910
3. 975
ADANI PORTS stock was trading in a downtrend making lower highs and lower lows, getting rejected by a downtrend line.
on 25 July, the price broke and closed above the downtrend line, signalling price might start moving up now.
Also, check how price is continuously making higher highs and higher lows just before breaking the downtrend line.
This shows, buyers are...
ADANIPORTS has broken the weekly trendline and has back tested the same and held so far.
I see demand zone(Support levels) between 710 and 690.
As long as it holds those levels, see it moving towards the first Supple zone between 760-780.
If we breach that area, next targets would be 820/860
Adani ports can be a good shirt opportunity if it breaks the important support of 714. A waterfall structure can be followed by taking short position in Adani ports from the retest levels of 726. Targets for this position are
- 700 t1
- 660 t2
It would be ideal to take a short on the retest till 726 levels
The stock has started to decouple from other Adani Group Bubble stocks.
Charts are looking extremely bullish and set up is perfect for immediate 685 and 785 targets in couple of months.
Above 590 close will trigger the inverse HS pattern.
Adani Ports has displayed a robust bullish trend, characterized by higher highs and higher lows, leading to a recovery from the earlier sell-off. Currently, an expected pullback towards the support level is anticipated to accumulate more buying pressure before initiating another rally.
Disclaimer : It is not a financial advice am not a professional I don't take responsibility for your loss or this post is not to hurt anyone sentiment or reputation it is for educational
purposes.......
This is what my outlook on this trash stock now bubble has burst
Rejection from 0.618
On top of supreme court prob and sebi stalling the case, the future...
Company grows leaps and bounds.
Covid and Hdenburt behind.
Rs 666 could be devlilish, but might work wonders for investors.
Rs 5000 cr profits PE of 26.
Average PE of last 5 years 30.
Target 1000 / 12 months
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.
Adaniport racing towards 650 which is the next resistance. Wait for it to come there and then short it using call options. Call options are priced richly and selling call spreads at 650 is a good trade.
