ADANI PORT & SEZ LTD

ADANIPORTS -- Entry only on Reversal

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My own perception : ADANIPORTS

Currently on a downtrend and its Sell recommendation as per the majority of indicators and scripts.
Close is above Monthly 20 and Weekly 20 SMA, but the rest all are red.

As currently, the stock is on support level - either to reverse or breakdown further --
Based on the possible Harmonic pattern - in case of reversal above 808, can consider entry to the upside and possible first target 868.

This is a risky trade.

Also based on RSI - Daily RSI < Weekly < Monthly and all are going in the south direction.
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Also from Futures perspective, currently trading below the Previous and current series VWAPS.

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Incase of reversal - we should be able to see a strong upside on 800 CE levels.

Add to watchlist.

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