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Adani Ports Channeled uptrend

Discussion in 'Chart of the Week' started by chethankrc, Aug 11, 2014.

  1. chethankrc

    chethankrc Active Member

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    Hi Friends,

    Adani Ports is in Channeled uptrend. Now It is trading at 270 Rs.
    It has taken a support around 260 levels, which is a significant support level because both upward sloping and horizontal supports are at 260 levels.
    Can we buy Adani Ports at current level with a
    stoploss of 257 and a
    target of 290 Rs.
    Pls, share your ideas/suggestion..
    Thanks in Advance :)
     

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    chethankrc, Aug 11, 2014
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  2. shabbir

    shabbir Administrator Staff Member

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    Yes but make sure 255ish is strict stop loss.
     
    shabbir, Aug 12, 2014
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  3. chethankrc

    chethankrc Active Member

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    Closed at 287.15 Rs. Close to our Target 290.
    Time to take partial profits out of the table.
    If it breaks 290-294 resistance. Time to add some more to the position.
     
    chethankrc, Aug 19, 2014
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  4. shabbir

    shabbir Administrator Staff Member

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    Party time.
     
    shabbir, Aug 20, 2014
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  5. dev

    dev Member

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    Had been one of my favourite stocks. Then stopped trading with it. Really skeptical before taking a new position. I always get a feeling it could come back to 196 rs. @shabbir when do you think is the right price to enter. No long term goals. Just short term. Can't infer anything from the charts. All I do is watch this stock move.
     
    dev, Oct 10, 2016
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  6. yankeedin

    yankeedin Responder

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    Weekly Chart looks good. For short term can hold for 300 target which is stiff resistance. Check the attached image
     

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    yankeedin, Oct 11, 2016
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  7. dev

    dev Member

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    @yankeedin that was useful. Thank you. Will wait for their Q2 results before I take a new position.
     
    dev, Oct 11, 2016
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  8. shabbir

    shabbir Administrator Staff Member

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    Is a good chart and has been chart of the week once as well. If 250 is not breached on a daily closing basis, can be a good stop loss when entering in the leg up with immediate target of 270ish
     
    shabbir, Oct 14, 2016
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  9. dev

    dev Member

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    Thanks a lot @yankeedin @shabbir . Now I have a clearer picture about this stock. You guys rock. :)
     
    dev, Oct 14, 2016
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