ishaagarwal782

Bearish view on Adani Ports

NSE:ADANIPORTS   ADANI PORT SPECIAL
ADANIPORTS
The 15 min. chart of ADANIPORTS shows bearish view as it form three black crows at the resistance level of 366.90
It has also formed a bearish divergence with RSI.
In 5 min. chart is has slipped below the 50 days Moving Average.
It is about to form a bearish MA cross in the upcoming Trading Session.

It can possibly touch its support at 346 in upcoming days.
Target 1- 354(Inverse Golden Level 0.618 of initial support-resistance swing)
Stop Loss- 369

I can be 100% wrong.
Do your own analysis before trade.
Happy Trading!
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