BEARISH VIEW ON ADANIPORTS
ADANIPORT has taken resistance on WEEKLY TF , what i see is weak buying on DAILY near the daily Resistance ,
with sellers are getting aggressive , what i want to see is small pull back to trap few buyers , and hit sellers sl ,
I expect stock to give good RRR income in coming weeks
ENTRY 347 areas
STOP LOSS 370 area DAILY CLOSING BASES ONLY
TGT 296 TOUCH AND EXIT
Market insights
Adani Port & Special Economic Zone (Adaniport - NSE) - impulseAdani Port & Special Economic Zone Ltd (Adaniport - NSE) is moving up in 5th internal wave of subwave 3rd of 3rd wave as indicated in chart. As mentioned in previous updates it is going up in impulse and unless it retains above invalidation level, it is good buying candidate. In weekly time frame it is in 5th wave up.
#ADANIPORTS | NSE | 1H | SHORT01) Wolfe Wave ( Bearish ) Completed
02) Price revert from Horizontal channel top
03) RSI Bearish Divergence
04) Target 312 (Fib 0.618 level) / 308 (Fib 0.5 level)
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Note : This study for educational purpose only.
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