Are you a new Trader or Investor? Spider Research is a program initiated by the Spider Software to provide free Stock Market Education with our Weekly Research Articles.
Research on ADANIPORTS 22-01-2022
As per the Daily chart we have mentioned 3 technical factors.
1. 200 Days Simple Avg
3. Price Retracement
4. Super trend
1.200 Days Simple Avg
Stock is trading below 200 days Simple avg, which shows the weak sign
for new entry and exit alert for the holders.
2.Relative strength Index
– RSI is below 50 , ie 41.9 cutting avg downward which is also not
a favourable sign for bullish traders.
Friday’s close is exact below 50 % retracement ie 740 and the next support is 727 which is already broken.One can long only if it trade or close above 50% retracement.but this figures should be keep in mind while trading in ADANIPORTS untill ths stocks make the new price zone.
Super trend is also showing the sell signal.
200 Days Avg = Weak signal
RSI = Weak signal
Retracement = Play with strict SL
Super trend = Weak signal.
Support : 022 35018383 Whats app : 9773254722 / 9730441717
A Disclaimer: This newsletter has been designed for informational and educational purposes Only. It does not constitute an offer to sell nor a solicitation of an offer to buy any security, which may be referenced upon the site. The services and information provided through this newsletter are for personal, non-commercial, educational use and display. www.spidersoftwareindia.com does not provide investment advice through the site and does not represent that the securities or services discussed are suitable for any investor. This newsletter may include market analysis, All ideas, opinions, and/or forecasts, expressed or implied herein, information, charts or examples contained in the lessons are for informational and educational purposes only & Should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise. The accuracy, completeness, and timeliness of the information contained in this newsletter cannot be guaranteed. www.spidersoftwareindia.com does not warranty, guarantee or make any representations, or assume any liability with regard to financial results based on the use of the information in the site.www.spidersoftwareindia.com is not liable for any harm caused by the transmission, through accessing the services or information on this site, of a computer virus, or other computer code or programming device that might be used to access, delete, damage, disable, Disrupt or otherwise impede in any manner, the operation of the si