ADANI PORT & SEZ LTD
Long

Fair value gap concept??

214
The stock initially formed a dip, creating a rejection candle, signaling strong buying interest at lower levels. Following this, a subsequent candle confirmed robust rejection from the downside, indicating a potential reversal. The stock then experienced a sharp upward move.

After the price advanced by a certain percentage, the **Fair Value Gap (FVG)** concept became relevant, highlighting an imbalance in price action. Subsequently, a Fibonacci retracement analysis revealed a 50% correction from the recent high, aligning with a key technical level.

Following this retracement, the stock encountered a significant decline. However, it has now begun to recover, suggesting the potential for another move in the direction of the broader trend.

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