#Adaniport may post good result as per chart but stock will move as per levels. Adaniport if able to hold 411-416 level we can see upside toward 430-440 level and if stock not break these resistance post result we can see downside toward 400-390 levels.
Currently ,Adani ports is looking strong on daily,But its major trend is bearish on weekly chart.We can see the that the price is making higher high and higher low while the MACD is making lower high and low ,that is what is called as bearish divergence,we can say that the daily bullish monetum has been lost and price will not be continuing its bullishness with...
1. A Regular Bullish Divergence will be formed after a retrace up and a deep dive down
2. This move will happen within ten weeks
3. The former resistance at 252 will be strong support
1. Buy at 252
2. Stop Loss at 170
3. Target 1 : 452
4. Target 2 : 571
1. A 2:1 to 3.83:1 RR trade is completed
CAN BE A BUY AT CURRENT PRICE RANGE.
It may take support at 2 levels (marked as green)
SL will few points below support line where it holds
TGT will be recent high and next tat will be at upper resistance (marked as red)