Breakout Trade Breakout in Adani Port
Good for Swing Trade and it will break it's 52 week high
For Educational Purpose
Trade ideas
ADANIPORTS sell for intraday tradingADANIPORTS sell for intraday trading if stock break the support zone with big candle............
Adani Port Broke 42 week consolidationThe stock has been trading in a 42-week consolidation.
Today, it broke out from a downward sloping trendline connecting the high of June 2021 to that of January 2022, on above average volume.
Simultaneously, its RS Rating has trended upward.
The slope of the momentum indicator RSI on multiple timeframe charts has turned upward with a positive MACD crossover.
The stock has a good Buyer Demand.
Target is 880 / 1000
Swing & positional trading opportunities for next week (4th Apr)During the week ending 1-4-22, Nifty hit a high of 17703 which is a great recovery from the lows of 15671 hit in the month of March 2022. A 1,000+ points recovery within a short period of time indicates that the overall market sentiment is bullish and should the global situations improve, Nifty may well be on its way to cross to 18000 and thereafter the retest of 18604 which is the All Time High.
This may sound simple and easy and it may well end up being so if the FIIs keep ending each day as the Net Buyers. The recent recovery has been possible only account of either FIIs not selling as aggressively as before or they ending the day as Net Buyers.
For now, the indices look good for creating long positions. However, on a sector or a stock level, the situation may be quite different as the risk-reward that was quite favorable when Nifty was below 17000 and even 16000 is no longer going to be as painful as it was.
ADANIPORTS sell for intraday tradingADANIPORTS sell for intraday trading if stock break the given support zone...........
ADANIPORTS buy for intraday tradingADANIPORTS buy for intraday trading if stock break the given resistance........
Adani Port IndiaSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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Adani Ports is near breakoutAdani ports is trading near resistance zone and closing above 755 will confirm this breakout.
Buy and hold when close above 755
Target 800.
Adani Ports and Special Economic Zone
The company's cargo volumes accelerated to 300 million metric tonnes. The largest transport utility is on course to achieve 500 MMT by 2025.
Adaniports buy for intrday tradingAdaniports buy for intrday trading if stock break the resistance .....
Adani Ports IF Tommorow it breaks the level of 745 and Sustain Above That Adani Ports Is A Good Intraday Stock To trade For Tomorrow. Buy @ 745 And Target Is @788 And Your Sl @ 735, or You Can Also Buy Adani Ports Future Of Current Strike Price.
ADANIPORTS sell for intraday tradingADANIPORTS sell for intraday trading if stock break the box downside.......
ADANIPORTS buy for intraday tradingADANIPORTS buy for intraday trading if stock break the two days high......
Adani Port Special (Neutral)Its above 200 EMA on 1 Day chart.
volume is not seen - so avoid this stock for entry till the time good volume for entry is seen.
buy when resistance trendline is broken
rest all levels as mentioned on the chart.
Please do correlate by yourself also on charts. This is for paper trading and educational purpose only. Must consult your Financial advisor before investing.
Bullish indicationLooking good for short term trading target will be previous monthly highs as marked in chart
Adani ports keep an eyeOn daily time frame the stock has formed a descending triangle pattern.
Its trading near its crucial 20 and 200 Ema
If it gives a breakout and sustains the price above 718. It can go upto first traget on 745.
Support :- 685
Resistance :- 720, 745, 773
Wait for the price action to form a pattern near the levels.
Flag and poll pattern We can go for long after it retest from Fibonacci 0.5 or above 735
Tp1 - 750
Tp2 - 765
I am new to trading and this is my analysis, so don't go with this trade
