AdaniPorts - What a fall from 355 to 318- What Next?

Ports had an impulsive fall from 355-356 zone to 318.30 recent low in last trading session- all updated in interim updates on the previous post.

Previous Update - How far it can go in 2017

Yet again 355-356 zone, which was identifed as crucial zone - It failed kissing that zone & selling pressure was visible in the counter.

Short Term Chart

Trading Strategy
317-320 looks good support zone & once it starts moving above gap zone of 324-326- likely push gets extended to 335-340 where I will have to check again whether selling can be taken in the bounce zone.

Trade attivo:

11:12 Hrs 18th April2017

Last Price@332

Wow! - What a support in 317-320 -Awesome

Trade attivo:

13:40 Hrs 18th April2017

Last Price@325

Falls from 335 as expected

Trade chiuso: obiettivo raggiunto:

13:41 Hrs 18th April2017

Last Price@325

Up & Down - 10 Points bounce to 335 & fall 10 points to 325 - Done & Out.