ADANI PORTS & SEZ LTD – Technical Chart Analysis
(As of April 16, 2025)
1. Pattern Structure and Breakout Observation
Adani Ports has formed a Rectangle Pattern over the last 4 months, consolidating between the ₹1200 resistance zone and the ₹1050 support zone. This pattern reflects a period of indecision and accumulation, typically resolved by a directional breakout.
- The stock has successfully broken out above the key horizontal resistance near ₹1200 on increased volume.
- This breakout indicates that the supply zone has been absorbed, and fresh demand is stepping in.
- The width of the rectangle (~₹150) gives us a projected target for the breakout, which places the next major upside zone around ₹1350.
This is a valid and tradable breakout, given the timeframe and price behavior.
2. Volume Analysis
Volume is confirming the strength of this breakout:
- On the breakout day, volume spiked sharply, which indicates strong institutional or smart money participation.
- Throughout the consolidation phase, volume remained controlled, suggesting accumulation rather than distribution.
- The volume thrust on breakout is a classical sign of pattern validation and buying strength.
Such volume behavior improves the reliability of the breakout and indicates potential for follow-through.
3. Candlestick Analysis
Candlesticks provide additional confirmation:
- The breakout candle is a bullish marubozu with little to no upper or lower wick, showing strong conviction and sustained demand throughout the trading day.
- Prior to breakout, we also saw a series of higher lows forming, which hinted at increasing buying pressure.
- No major rejection candles are visible at the breakout level, further strengthening the bullish case.
This candlestick structure reflects strong control by buyers at key resistance levels.
4. Key Trading Levels
- Breakout Level (Resistance Turned Support): ₹1200
- Support Zone: ₹1050 – This has held firm multiple times during the rectangle formation.
- Target 1: ₹1320 (Conservative target based on mid-pattern projection)
- Target 2: ₹1350–₹1360 (Full range breakout projection)
- Stop Loss: Below ₹1165 – recent swing low inside the pattern
These levels offer key zones for trade management and re-entry upon pullbacks.
5. Trade Setup and Strategy
The breakout is suited for swing and positional traders looking to capture medium-term moves.
- Entry Point: Above ₹1200–₹1210 zone. (Early breakout entries may already be filled, but pullbacks to ₹1210–₹1220 are still valid.)
- Stop Loss: Below ₹1165 to protect against false breakout and whipsaw.
- Target Zones: ₹1320 and ₹1350 as discussed.
- Risk-Reward Ratio: Currently stands close to 1:2.5, offering a well-aligned trade setup.
Traders can consider adding on dips toward the breakout zone with a tight stop.
6. Final Summary
Adani Ports has broken out of a 4-month Rectangle Pattern at ₹1200 with strong volume and momentum. This breakout marks the end of a consolidation phase and the beginning of a potential trend continuation or fresh upside leg.
The structure, supported by volume and bullish candlestick behavior, makes this a technically valid breakout. As long as the price holds above ₹1200, the sentiment remains bullish with scope toward ₹1320–₹1350.
(As of April 16, 2025)
1. Pattern Structure and Breakout Observation
Adani Ports has formed a Rectangle Pattern over the last 4 months, consolidating between the ₹1200 resistance zone and the ₹1050 support zone. This pattern reflects a period of indecision and accumulation, typically resolved by a directional breakout.
- The stock has successfully broken out above the key horizontal resistance near ₹1200 on increased volume.
- This breakout indicates that the supply zone has been absorbed, and fresh demand is stepping in.
- The width of the rectangle (~₹150) gives us a projected target for the breakout, which places the next major upside zone around ₹1350.
This is a valid and tradable breakout, given the timeframe and price behavior.
2. Volume Analysis
Volume is confirming the strength of this breakout:
- On the breakout day, volume spiked sharply, which indicates strong institutional or smart money participation.
- Throughout the consolidation phase, volume remained controlled, suggesting accumulation rather than distribution.
- The volume thrust on breakout is a classical sign of pattern validation and buying strength.
Such volume behavior improves the reliability of the breakout and indicates potential for follow-through.
3. Candlestick Analysis
Candlesticks provide additional confirmation:
- The breakout candle is a bullish marubozu with little to no upper or lower wick, showing strong conviction and sustained demand throughout the trading day.
- Prior to breakout, we also saw a series of higher lows forming, which hinted at increasing buying pressure.
- No major rejection candles are visible at the breakout level, further strengthening the bullish case.
This candlestick structure reflects strong control by buyers at key resistance levels.
4. Key Trading Levels
- Breakout Level (Resistance Turned Support): ₹1200
- Support Zone: ₹1050 – This has held firm multiple times during the rectangle formation.
- Target 1: ₹1320 (Conservative target based on mid-pattern projection)
- Target 2: ₹1350–₹1360 (Full range breakout projection)
- Stop Loss: Below ₹1165 – recent swing low inside the pattern
These levels offer key zones for trade management and re-entry upon pullbacks.
5. Trade Setup and Strategy
The breakout is suited for swing and positional traders looking to capture medium-term moves.
- Entry Point: Above ₹1200–₹1210 zone. (Early breakout entries may already be filled, but pullbacks to ₹1210–₹1220 are still valid.)
- Stop Loss: Below ₹1165 to protect against false breakout and whipsaw.
- Target Zones: ₹1320 and ₹1350 as discussed.
- Risk-Reward Ratio: Currently stands close to 1:2.5, offering a well-aligned trade setup.
Traders can consider adding on dips toward the breakout zone with a tight stop.
6. Final Summary
Adani Ports has broken out of a 4-month Rectangle Pattern at ₹1200 with strong volume and momentum. This breakout marks the end of a consolidation phase and the beginning of a potential trend continuation or fresh upside leg.
The structure, supported by volume and bullish candlestick behavior, makes this a technically valid breakout. As long as the price holds above ₹1200, the sentiment remains bullish with scope toward ₹1320–₹1350.
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Learn Today for Better Tomorrow
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.