ADANI PORT & SEZ LTDAggiornato VIEW ON ADANIPORTS
My view explained in the Text on the chart.
Although AdPo results were not that great, the stock has its own momentum. This week's moves in it will tell us a lot more on future price movements.
Although AdPo results were not that great, the stock has its own momentum. This week's moves in it will tell us a lot more on future price movements.
Trade attivo
Today AdPo made a day high of 751.90 (but got adjusted to 748.45 upon closing). I'll take that as Bulls having made their commitment. This brings into view our targets 777/792. If you notice W pattern will be active at 780 levels which is around first target of 777. The pivot point super trend line below shows a bit of green finally pointing to short term bullish trend.
This is not a reco for trading. I am not a SEBI regd. analyst. Trade according to your risk management. If you enjoy chart watching with me, pls click Thumbs Up. I invite educational comments from more experienced traders. Jai ho!
Trade attivo
So far AdPo is respecting our trendline so the view stays bullish. Such are the effects of a highly volatile market. Today as I write this, it has hit a low of 713.40 but what matters is the daily close. Getting curiouser and curiouser :))
Trade attivo
On Friday, AdPo closed below 728 and entered bear territory as per our analysis. Today as I write this it is trading near our first target of 696. Let's see how low it can go from here on.Trade chiuso: obiettivo raggiunto
AdPo hit, well almost, 669 that is 3 bucks from our 2nd target. Case closed. Below the trendline, more pain is coming I feel.
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