Trade ideas
ADANI POWER ANALYSISHi, I would like to share this idea with you all on the basis of the price action analysis.
Pleasure to have you here. This is an trading/investment analysis done for the Tickr, and potential in the Technicals.
if you like the idea please like the post :) It will be a motivation to further such ideas.
Disclaimer Note:-
1) This is just an analysis setup and no advice to trade/trade
2) If you are making position, please have your risk to reward analysis and then enter.
3) The analysis and target shared does not mean i trade in them, entry and exit depends on the market open and other factors.
ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD.Adani Ports & Special Economic Zone is in the business of development, operations and maintenance of port infrastructure (port services and related infrastructure development) and has linked multi product Special Economic Zone (SEZ) and related infrastructure contiguous to Port at Mundra.
Company has been maintaining a healthy dividend payout of 20.8%
Promoter holding has increased by 1.86% over last quarter.
Company's median sales growth is 18.7% of last 10 years
Its consistantly growing Y/Y profit is last few years
It has potential to grow further in coming years
TECHICALLY ITS HAS FORMED CUP WITH HANDLE PATTERN
ITS AT BOTTOM OF CUP GUD OPPORTUNITY TO BUY MEDIUM TO LONG TERM
CURRETNT PRICE-817
TARGET-1238
ADANI PORTSADANI PORTS has made a diagonal structure after the drop. As wave 1 completes, there would be 38.2-50% correction on the stock which are important fibonacci levels. These levels also coincide with a strong resistance area where a bullish reversal can be found (wave 3).
This idea is based on the Elliott Wave Theory. Trade/Invest with your own risk management.
ADANI PORTS | ASCENDING TRIANGLE | BULLISH CONTINUATIONADANI PORTS stock was trading in a downtrend making lower highs and lower lows, getting rejected by a downtrend line.
on 25 July, the price broke and closed above the downtrend line, signalling price might start moving up now.
Also, check how price is continuously making higher highs and higher lows just before breaking the downtrend line.
This shows, buyers are strong.
Currently, the price is consolidating in an ASCENDING TRIANGLE which is a BULLISH Continuation pattern.
I would be interested in the stock once Daily closes above 760 with stop loss below 725.
Targets:-
1. 825
2. 910
3.975
But first, wait for a daily breakout above the triangle.
ADANIPORTS - Weekly trendline break and back testing the sameADANIPORTS has broken the weekly trendline and has back tested the same and held so far.
I see demand zone(Support levels) between 710 and 690.
As long as it holds those levels, see it moving towards the first Supple zone between 760-780.
If we breach that area, next targets would be 820/860
Adani port short Adani ports can be a good shirt opportunity if it breaks the important support of 714. A waterfall structure can be followed by taking short position in Adani ports from the retest levels of 726. Targets for this position are
- 700 t1
- 660 t2
It would be ideal to take a short on the retest till 726 levels






















