ADANIPORTS
ADAUSDT | Two great places to invest🔥Hello traders, Cardano in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In the latest count that we did, waves 1, 2, and 3 were formed, and ... wave 4, wave 4, as we said before, has a zigzag-shaped structure, and from this zigzag, wave a is formed in a triangular shape, and wave b has a zigzag structure, but in terms of time, the ratio To other waves it is abnormal.
The ratio of wave a to the wave c has been equal in terms of time, structure and amount of downward motion.
Wave c, like wave a, forms a triangle, and this triangle is finished.
In our opinion, this recent ascent is related to microwave 1 of wave 5, which has broken the upper side of the triangle to some extent, but there is still a trend in this area, which will probably be related to microwave 2.
After breaking the upper side of the triangle, the ascending motion will be confirmed for microwave 3 and will move to the next area, ie around 2.00, and if this area breaks, wave 5 of wave 5 will also be confirmed and the ascending process will continue to 3.665.
If the end of wave 4 is broken, this possibility is fielded.
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Buy adaniports above 770 tgt 842 , 921 stop loss 697why i asked to buy above 770 reason . 1. multiple trendlines works as resistence . 2. today's candle above cloud. and 3. still as per supertend daily stock is in sell . buy adaniports above 770 cash and stop loss of rs.697 only on closing basis should me maintained .
ADAUSDT | The best scenario for climbing🏹Hello traders, Cardano in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
According to the count we had, waves 1, 2 and 3 have been completed and now the trend is inside wave 4.
Wave 4 is zigzagged, and from this zigzag, waves a and b are completed, and wave c is probably incomplete.
The count we had for wave c in the lower time was not normal at all, but it is shorter than wave a in terms of time, so we think wave c will continue and decline until the price of 1.00, and then start climbing for wave 5.
But if the bottom of the canal is broken upwards, it must be prepared for upward movements.
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Adani Port Special - ADANIPORTS(NSE) | Symmetric TriangleAdani Port Special - ADANIPORTS(NSE) has been forming a Symmetric Triangle since June 2021, when viewed in a 3hr time-frame. Since, 720 (dashed red line) has been acting as a good support zone and the stock has already bounced back from there, a rally can happen till 794(dashed green line) if a long candle cuts the triangle upwards. Please see the 1hr chart below, for a detailed view:
ADANIPORTS - possible upward moveCMP Rs. P/E Mar Cap Rs.Cr. NP Prev Qtr Rs.Cr. NP Qtr Rs.Cr. PAT Ann Rs.Cr. PAT 12M Rs.Cr. ROE 3Yr % ROE 5Yr % ROE 10Yr %
739.10 27.77 150884.56 1306.69 951.71 4997.04 5432.46 16.86 18.52 19.99
1. The stock has moved out of the major support zone.
2. The price should sustain over 737.
3. Next hurdles 767 and 786
4. A move above these prices should see a move upwards to 800-900 levels
For Intraday
Buy above 738 for a target of 754-774 with a stop loss of 727
For Short Term
Buy above 738 for a target of 797-829 with a stop loss of 715
For Long Term
Buy above 738 for a target of 900 with a stop loss of 679
Read chart carefully for trades
Adani Port ? What to do in this falling market ???Adani Ports and Special Economic Zone Limited
Trend Analysis:
After a fall on March 2020 due to Covid-19 stock is in uptrend and showing a resistance on two point on high of 9th June 2021 and 18th Oct 2021 From where stock has given a strong reversal.
On down Side It took support on 17th June 2021 and since then it has taken support with that trend line . It has made 5 bottom since 17th June 2021.
Now, since last swing from 30th Nov 2021 to 10th Dec 2021 stock has taken a reversal from resistance exactly at 61.8% of fibbonaci levels. RSI is also in Oversold zone below 30 in 1H time frame expecting a bounce back.
Now I strongly believe that stock can further tumble to it 78.6% of last swing and that would be a turning point of Stock where it can take support on it’s trend ( 6th Time) and can bounce back to its immediate resistance at 775.
So 715-710 would be a good buying opportunity which has a stop loss below its support at 678 for the target of 775 (Risk Approx 37 Rs . and Reward Approx 60 Rs . Per Share)
Nifty 50 Stock Analysis Series - 5th stock - Adani PortsNifty 50 Stock Analysis Series - 5th stock - Adani Ports:
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Weekly Timeframe:
1. Flag pattern formed with ATH of Rs.875 and low ATL (rally low) of Rs.360
2. Flag been waving since 02nd week of June 2021
Daily Timeframe:
1. Forming slightly Inclined triangle - No strong indication of the bull rally.
2. Forming strongly declined triangle with the same level of support + reduced resistance - bearish
3. ABC correction wave forming - (B to C) is forming now. Need to wait to buy
4. Entry Points and Target Points are mentioned in the chart.
Note:
I'm not recommending buying this stock. This is for education purposes.
This is my view, based on my learning.
Please do not trade without your own conviction.
Please invest after careful research. I'm not responsible for your profits/losses.
- Gnanasekaran
ADAUSDT | The best area to fall📍Hello traders, Cardano in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
According to the wave count in this currency, waves 1, 2 and 3 are over and now we are inside wave 4.
Wave 4 will be formed in a zigzag pattern, and from this zigzag, wave a has ended and we are probably inside wave b, we have considered wave b as a flat, to complete this flat, the price will rise to the area of 2.300 It is necesary.
Wave b is very short in time compared to wave a so far we do not think that wave b is complete. We assume that with another ascent this sideways position will continue and then wave c will descend as much as wave a .
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