ADANIPORT is taking retracement from 61% fib level but 100 and 200 ema are below the trade price. It can take support from there.
Probability - support from 200 exp moving average.
Short trade for risk traders -
buy at - 405
target - 417
stoploss - 400
risk to reward ratio = 1:2
Long Trade -
Buy - 417 -420
target- 452
sl - 390
Probability - support from 200 exp moving average.
Short trade for risk traders -
buy at - 405
target - 417
stoploss - 400
risk to reward ratio = 1:2
Long Trade -
Buy - 417 -420
target- 452
sl - 390