The target of Adani Ports for 1010 is still intact https://t.co/bbyfmE3aK2
Adani Ports - the 42 weeks of price consolidation in a symmetrical triangle has decisively broken out for the open target of 1010 https://t.co/vGyAGlwKCw pic.twitter.com/2tVmwddeOX
— The_Chartist \U0001f4c8 (@charts_zone) April 5, 2022
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Explained you same concept with Elxsi. The real test of a strong Breakout is that the big hand will not give you another chance to buy the share at the breakout level. They will absorb all the selling of weak hands. I mean "STRONG breakout". https://t.co/7fxFqGQl3p
Tata Elxsi ---
— Steve Nison (@nison_steve) June 30, 2021
In the last 10 minutes, all the selling was absorbed despite intraday positions being squared off (if not converted). will wait for the EOD data. However, the chart structure is extremely strong. https://t.co/pci7GCDBEO pic.twitter.com/1NBD9V3mKc
AWL - look at the ranges of contraction on the chart https://t.co/2XMhqZQu8X
Borosil Renewables - Patterns like these must be looked at carefully and must be kept on the radar. Herein price is contracting which generally signifies shifting of hands (from weak to strong). If you go wrong, the risk is limited in these. pic.twitter.com/iqyoeslZjy
— The_Chartist \U0001f4c8 (@charts_zone) July 12, 2021
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Adani Ports - updated chart. Fast forward & the stock is almost at the same level. However, the symmetrical triangle met its target exactly and became a part of a major triangle.
— The_Chartist \U0001f4c8 (@charts_zone) December 14, 2021
What makes it interesting is support is also 200 MA which adds another confluence point https://t.co/Tx52lzy9ZV pic.twitter.com/Cq67WNCHS3