Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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ADANIPORTS
Daily : Stock is in uptrend.
15 min : It has currently made falling wedge pattern.
*Wait for the breakout and we could see an upside movement.
THANK YOU !!!!
Adani port is near yearly resistance keep an eye but enter only after retest if you are risky trader buy 30% quantity at first and after restest buy 70%
Hi 👋
In this post I would try to throw some light on the Price & Wave Volume relationship (popularized by late David Weis).
This method may help trades in two ways:
1️⃣Ride the trend
2️⃣Picking the end of a rally
I came across this chart randomly and found that there are a few principles that I can discuss with the help of this chart.
Before reading any further...
AADANIPORTS - We can see it clearly forming the Cup & Handle Pattern. Which give us good up move. The formation of Cup and Handle is not completed yet, but it looks the same.
Once the pattern is formed we can expect a target of 1192.
Disc- This is only for learning purpose and not a trading recommendation
Stock is looking good on most of the timeframes.
On the hourly chart, it is consolidating above the previous resistance, which is now working as support i.e 818-820.
Sustaining the support, the stock can probably move towards 840 to 860 levels in the coming trading sessions.
📊 Script: ADANIPORTS (ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500
📊 Sector: Services, Transport Infrastructure
📊 Industry: Port & Port services
📈 ADANIPORTS is facing hurdle at 818 level.
📈 One can take swing trade above 818.
📈 Stock is moving towards upper band of BB.
📈 MACD is giving crossover.
📈 Right now RSI...
31/10/2022
SHORT SIDE
INTRADAY(15MIN)
ADANIPORTS
Triple top formation in 1H TF FAKE BREAKOUT HAPPENED
consolidation near resistance in 15min tf and even formed bearsih englfing in 15min tf and shooting star in 1H tf
ENTRY-818
SL-825.30
TARGET-796
R:R-1:3
MOVE-2.70%
Adani Ports is travelling in sideways market for a long period. Now it is travelling from bottom to sideways top. whenever we see a correction, then it is a buying opportunity for short term.
Adaniports gave breakout of triangular pattern in last week of March, it did rally up to 12% after that.
The recent fall in Indian and global stock markets brought it down to retest , it may be a good opportunity to long Adaniports for a 2-3 weeks timespan .
SL - 660 (on closing basis)
TGT - 1000+
