Adani Ports - Sideways opportunity to play
Stock making lower highs past few months
But not actually making new from 2+ months
Right now stock made a strong demand zone before going up
Feels like it will be tested once before actually breaking the trend line
So a good straddle candidate with right volatility
Or a good trend trading can be done at both levels
Trade cautiously considering all the factors and taking confirmation from lower time frames as market may remain choppy for at least 2 3 months more
But not actually making new from 2+ months
Right now stock made a strong demand zone before going up
Feels like it will be tested once before actually breaking the trend line
So a good straddle candidate with right volatility
Or a good trend trading can be done at both levels
Trade cautiously considering all the factors and taking confirmation from lower time frames as market may remain choppy for at least 2 3 months more
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