ADANI PORT & SEZ LTD
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Fair value gap concept??

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The stock initially formed a dip, creating a rejection candle, signaling strong buying interest at lower levels. Following this, a subsequent candle confirmed robust rejection from the downside, indicating a potential reversal. The stock then experienced a sharp upward move.

After the price advanced by a certain percentage, the **Fair Value Gap (FVG)** concept became relevant, highlighting an imbalance in price action. Subsequently, a Fibonacci retracement analysis revealed a 50% correction from the recent high, aligning with a key technical level.

Following this retracement, the stock encountered a significant decline. However, it has now begun to recover, suggesting the potential for another move in the direction of the broader trend.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.