ADANIPORTS trade ideas
Adani Ports - Intraday Trade SetupAdani Ports CMP - 498.90
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at or Below 495 / Stop Loss 501
Target 1 - 490
Target 2 - 485
Target 3 - 480
Disclaimer: This is my view and for educational purpose only.
Adaniport - Elliott wave analysis - go long in pull back Adaniport is in 4th wave correction as shown in the chart, so expecting a choppy corection before it resume the further upside as 5th wave of internal 3rd wave cycle of bigger impulse. Stay long near 456 or slight lower for higher high target above 490-510 zone.
I think Expansion says, It's time to collapse. [ADANI-PORTS]AdaniPorts creates higher high's in a row but Don't forget to 200/20 moving averages Stretching. Some Profit Booking has been seen by Big-Bulls. Stock Attempts 3 times to break 475.00 level. But in absence of fresh buyers, it is unable to break this Level, So the Idea is to find rejection from 471.60- 475.00 type zone, Go short and Trail it for 458.5 on Intraday basis & 416.00 for positional (swing) basis.
It's Purely Prediction. I have reserve a Rights, to be wrong.