Bearish view on Adani Ports

24 Okt 2020

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!