ADANIPORT - Elliott wave analysis - go long in pullbackadaniport - It is in ABC zigzag correction, where B wave was wxy complex correction, which was already over. The price is outperforming the Nifty. So go long near 354-349 with stop loss below 341 level for target above 376 or higher.
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Trade ideas
Bearish view on Adani PortsNSE:ADANIPORTS
The 15 min. chart of ADANIPORTS shows bearish view as it form three black crows at the resistance level of 366.90
It has also formed a bearish divergence with RSI.
In 5 min. chart is has slipped below the 50 days Moving Average.
It is about to form a bearish MA cross in the upcoming Trading Session.
It can possibly touch its support at 346 in upcoming days.
Target 1- 354(Inverse Golden Level 0.618 of initial support-resistance swing)
Stop Loss- 369
I can be 100% wrong.
Do your own analysis before trade.
Happy Trading!
Adaniport (NSE) - Elliott wave analysis - Sell set upAdaniport - It is within choppy corrective cycle of WXY. Y wave is in progress as ABC. Sell with stop loss above 363.30 at current level for target zone of 336 or slight below that level. The trade set up is having great risk reward ratio but having medium odd trade set up, so trade with small quantity.
ADANI PORTS MAJOR BREAKOUTADANI PORTS FACING STIFF RESISTANCE AT 356 Last couple of week ....After Multiple rejections last week price crashed .Now again the same level .RSI looks very strong Once it's taken out if sustain above the level we can expect massive Bull rally towards 430 Rs.....
My Advise : BUY 350 to 356 tgt 380 & 430 SL 330
ADANIPORTS 1HRPending BIGGER Shark & Smaller Shark Patterns Reversal from which pattern
Ultra high volume up bars - trap of Smart Money , Higher volume- Professionals are selling into the public buying..Horizontal BLACK DOTTED lines are High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY.
Clearly we can see HOW Low of ULTRA HIGH Volume CANDLE acting as Resistance ..in this Area after the patterns completes with RSI BELOW 70 with LOW VOLUMES & with NO DEMAND l.e place for short
POTENTIAL SELL
ADANIPORTS 4HR Bearish Bat Earlier this Pattern given good reaction whenever price entered good bearish move ,now price again came into PRZ Zone of Pattern
Ultra high volume down bars - trap of Smart Money , Higher volume-Professionals are buying into the public selling..Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY
ULTRA HIGH VOLUME for going SHORT we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR. as High volume shows interest to the upside from “Smart Money” so prices may go higher.
SET UP BECOMES VALID ONLY when Price breaks ULTRA HIGH VOLUME Candle LOW with LOW VOLUMES & with NO DEMAND l.e place for short ...POTENTIAL SELL






















