ADANIPORTS
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.
AdaniPort Both side move possible~Short 850>770 & Long 770>950 AdaniPort
Elliot wave analysis
1) (a) 1 Day time frame Wave 4 Complete and Wave 5 start this time
(b) Wave 5 Target 1012-1050 Around
2) 2 hour tf Wave 1 Done & this time Adaniport at correction mode
(Wave A Done, B wave Still Running, Wave C coming soon)
3) Big opportunity for inverters those miss dip entry
Swing Trades ~~
1~ Short 850-870 Target-798 &770
2~ Long Around 770-800 Target 1012-1050
Note:~~ 890 chart Invalidation Level
Cardano (ADA) 1DAY UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
ADA/USDT UPDATE :-
The support at $0.43 has held well and could be the push ADA needed to break the key resistance, which would then allow the price to rally all the way to $0.66, the next target should $0.55 fall. The indicators give a bullish bias, and the current volume favors bulls.
Looking ahead, expect to see ADA attempt a breakout from $0.55, which could embolden bulls to go straight to $0.66 next. Success there would mean Cardano can finally fully exit the flat trend established back in May. This would be extremely bullish if it happens.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
ADA LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on CARDANO as price shifted the market strucutre from bearish into bullish making the move above the last high (bos area) right now the price is filling all the bullish imbalances and if price reaches 0.90$ psychological area + bullish orderblock h4 i think a LONG entry would be nice.
What do you think ? Comment below...
Adani Port Broke 42 week consolidationThe stock has been trading in a 42-week consolidation.
Today, it broke out from a downward sloping trendline connecting the high of June 2021 to that of January 2022, on above average volume.
Simultaneously, its RS Rating has trended upward.
The slope of the momentum indicator RSI on multiple timeframe charts has turned upward with a positive MACD crossover.
The stock has a good Buyer Demand.
Target is 880 / 1000
Swing & positional trading opportunities for next week (4th Apr)During the week ending 1-4-22, Nifty hit a high of 17703 which is a great recovery from the lows of 15671 hit in the month of March 2022. A 1,000+ points recovery within a short period of time indicates that the overall market sentiment is bullish and should the global situations improve, Nifty may well be on its way to cross to 18000 and thereafter the retest of 18604 which is the All Time High.
This may sound simple and easy and it may well end up being so if the FIIs keep ending each day as the Net Buyers. The recent recovery has been possible only account of either FIIs not selling as aggressively as before or they ending the day as Net Buyers.
For now, the indices look good for creating long positions. However, on a sector or a stock level, the situation may be quite different as the risk-reward that was quite favorable when Nifty was below 17000 and even 16000 is no longer going to be as painful as it was.
CARDANO LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on ADA CARDANO, i closed the profits from last weekend. I want to go LONG on this coin but only when price retraces back to fill the bullish imbalances a nice LONG entry area would be 1.0$ or 0.90$ bullish orderblock d1 + imbalance.
What do you think Where we go next ?
Adani Ports is near breakoutAdani ports is trading near resistance zone and closing above 755 will confirm this breakout.
Buy and hold when close above 755
Target 800.
Adani Ports and Special Economic Zone
The company's cargo volumes accelerated to 300 million metric tonnes. The largest transport utility is on course to achieve 500 MMT by 2025.