Adani ports- Chart shared for learning purpose only

Nov 30, 2023

ADANI PORTS- Chart shared for learning purpose. Despite hinderburg or whatever negative news, the stock went according to the technicals. Initially it was trading within a range of 260 point as can been seen in the yellow box and after that the box was broken down and went to the desired target of -260 points from the box bottom. The same can bee seen in the red box. within few weeks it came back to its original range. So whatever the news is, most of the time it performs according to the technicals only. very rarely due to panic selling, stocks will go against the technicals.