]January 27, 2022
ADANIPORTS
by Dinesh Naidu (Elliotician)
Hello Traders, In this technical analysis blog im going to take a quick look at the Elliot Wave Charts of ADANIPORTS Cash NSE.
Short Term Elliot Wave view in ADANIPORTS suggests that the fall from June 9, 2021 high is unfolding as a Running Triangle elliot wave structure.There might be a strong rally from this current level, traders just keep this scrip in your watchlist for Positional setup.
One can start accumulating the stock above 714 level, keeping the invalidation level @ 638.10 and target of 1013, 1093 odd levels in the coming months.
Despite some tentativeness around the key support level 689.90.
Initiation range above: 714
Invalidation level: 638.10
Positional Target: 1013, 1093
Disclaimer: The investments discussed or recommended in the market analysis, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and only after consulting such independent advisors as may be necessary.
ADANIPORTS
by Dinesh Naidu (Elliotician) Hello Traders, In this technical analysis blog im going to take a quick look at the Elliot Wave Charts of ADANIPORTS Cash NSE.
Short Term Elliot Wave view in ADANIPORTS suggests that the fall from June 9, 2021 high is unfolding as a Running Triangle elliot wave structure.There might be a strong rally from this current level, traders just keep this scrip in your watchlist for Positional setup.
One can start accumulating the stock above 714 level, keeping the invalidation level @ 638.10 and target of 1013, 1093 odd levels in the coming months.
Despite some tentativeness around the key support level 689.90.
Initiation range above: 714
Invalidation level: 638.10
Positional Target: 1013, 1093
Disclaimer: The investments discussed or recommended in the market analysis, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and only after consulting such independent advisors as may be necessary.
Elliott wave Analysis, All types of Asset classes are covered like, Indices, Stocks, Currencies and commodities.