Expecting a bullish momentum in ADANIPORTS

As per the 2 Hour Chart of ADANIPORTS, we have witnessed the formations of an inverted hammer, and a bullish harami followed by a confirmation candle on the downside levels.

Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein, the stock is being expected to face a resistance initially at around the levels of 775, 788, and 803. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 744, on closing basis.
Closing Price (as on 11.05.22) : 762.90

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Alok Daiya
SEBI Registered Research Analyst

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