It appears that Adani Ports & SEZ (NSE: ADANIPORTS) has developed a recognizable double top pattern on its daily chart between June and July 2025:
First peak: ₹1,473.80 on June 10, 2025
Second peak: ₹1,456.70 on July 16, 2025
Valley (neckline): around ₹1,338.00 on June 19, 2025
This forms a classic “M‑shaped” double top, where two highs are roughly at the same level and separated by a trough. According to technical analysis theory, this pattern suggests a bearish reversal—provided the price breaks decisively below the neckline on strong volume.
If the reversal happens and it closes below 1338, the target could be around 1198.
Quarterly results are set to be out on 4th of Aug, definitely must watch.
First peak: ₹1,473.80 on June 10, 2025
Second peak: ₹1,456.70 on July 16, 2025
Valley (neckline): around ₹1,338.00 on June 19, 2025
This forms a classic “M‑shaped” double top, where two highs are roughly at the same level and separated by a trough. According to technical analysis theory, this pattern suggests a bearish reversal—provided the price breaks decisively below the neckline on strong volume.
If the reversal happens and it closes below 1338, the target could be around 1198.
Quarterly results are set to be out on 4th of Aug, definitely must watch.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.