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Great Opportunity in Adani Ports [R:R 5:1]

Long
NSE:ADANIPORTS   ADANI PORT SPECIAL
Great opportunity in Adani Ports with favourable risk reward of 5:1

In past 2 month, the stock has seen a sharp sell off due to multiple factor. On analysis the chart, you will observe that after 30% fall - Adani Ports as has taken a solid support at fib .681 and EMA 50 acting as resistance.

Currently stock is consolidating in "symmetrical triangle" with multiple support and resistance (654-710)

If RSI supported with "volume" then ports will definitely generate a significate profit.

It will be advisable to trade cautiously and respect mentioned s/l and target :
Entry : Rs 655, Stop Loss : Rs .625, Target : Rs 800

Disclaimer: Consult your financial advisor before initiating any trade.

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