Trade ideas
ADANIPORTS longAdaniports 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+
Adani port 2Adani ports is strong breakout cup and hand with all time high
Booking profit Rs 1100
Sell price Rs 913
Buy price Rs 913 to 950
Current price Rs 945
Adani port is indian biggest private shipping company which is operating throughout world with their partners like Brazil, srilanka, Australia and US.. in this company many scope in future
Adani ports day chatAdani port strongly breakout cup and hand with resistance point ..
Set point is Rs1100
Sell price Rs9 13
Current price945
Adani port is strongly support around world including Brazile , srilanka ,Australia and US..partner base agreement with through out world and good scope in future
Adani Ports - Going to hit ATH? Strong on chartsScript: Adani Ports
Nifty50 Stock : YES
Sector : Ports
PE Value : 43
Results : Results published on 8th Aug, Revenue 12% up but earning/profit was 30% down. Previous quarter result earnings was also 30% down which doesn't look good. Financials to be checked to understand their expenses/investments.
ATH (all time high) - 925
Adani ports is looking strong on charts.
Weekly chart : It hit bottom of 652 back in June and then keep moving higher up and hit ATH 925 recently.
Daily chart : RSI is above 70, High volume appeared, getting momentum! Closing above 900. Looking good so far!
As per OI , 900 appears to be major resistance which has been tested multiple times this year hence getting weaker and may get broken soon. Heavy call writing seen both at 900 & 920. Call writers @900 will get stuck if it sustains above 900 and will start running for cover if crosses 925.
9th Sept 2022 closing is above 900, may gap up on Monday and could trigger major short covering next week or by
end of this month if market remains positive which is very likely.
Immediate targets would be 998, 1044. If sustains above these levels then we could see it hitting 1097 & 1200 as well.
*** For F&O - Always hedge your position or keep SL in the system *** Play Safe! Protect your Capital! ***
ADANIPORTS - TRADE PLANCheck out the trade plan for ADANIPORTS today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
If ADANI PORT goes for a sell-off then we will see the formation of a triple top on the following resistance area. Price requires to confirm the direction with a breakout or pullback here.






















