Adaniports

31. Aug. 2021

Adaniports has taken support from weekly bands, and after forming a triangle on bottom of wave 4, it has given breakout on upside with good intensity of volume, now price is above upper band in daily time frame, along with rsi above 60 and uptick, and dmi adx positive ungali setup, this could be a good decision to go long at these levels or in dips (if any) with stoploss of 664 for targets mentioned on chart.

Key Levels are Mentioned on chart

Has taken support from weekly bands

Wave Structure could be like this

Macd in Weekly Uptick and also above zero line

Macd in daily positive crossover and Uptick and also above zero line

Rsi in daily above 60 uptick

Bullish ungali setup in daily

Upper bollinger challenged along with trendline breakout with volume


Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing