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Adani Ports & SEZ Adaniports Elliott Wave analysis Function: Bullish Trend. Mode: Impulsive. Structure: Gray Wave 3. Position: Orange Wave 1. Direction next lower degrees: Gray Wave 4. Details: Gray wave 2 appears completed, and gray wave 3 of 1 is now unfolding. Wave cancel invalidation level: 1040. The ADANI PORTS & SEZ daily chart analysis points to a bullish trend advancing through an impulsive Elliott Wave structure. The stock has completed the gray wave 2 correction and entered gray wave 3 within the larger orange wave 1 structure. This position marks the start of the most dynamic phase of the upward movement, typically characterized by strong momentum and extended price gains. Gray wave three progression Gray wave 3 forms the central trending segment of Elliott Wave sequences, often reflecting the most aggressive price moves aligned with the prevailing trend. The completion of the wave 2 correction has set the groundwork for this powerful wave 3 advance, which often surpasses the size and scope of wave 1. Current analysis suggests that the upward trajectory will likely continue robustly before reaching the next corrective stage. A critical point to monitor is 1040, serving as the invalidation level for the bullish scenario. A move below this level would invalidate the current count and require reassessment of the wave structure. This threshold is vital for safeguarding the wave 2 low and maintaining the bullish bias. Trading strategy and market outlook The daily timeframe offers insight into the developing wave structure, with the current impulsive wave presenting opportunities for significant upside participation. Traders should watch for traditional wave 3 traits, such as strong momentum and steady price advances, while respecting the key invalidation level. Technical indicators and volume analysis will provide essential confirmation as the wave progresses. The transition into orange wave 1 at a higher degree signals potential…

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Filed under: News - @ April 28, 2025 8:22 am