ADANI 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.
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.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。