The Stock of Adani Port looks to be in the extended wave III, as shown in the chart, if the alternate wave count is correct. The stock is currently trading @347. The stock can see an up move targeting price of 400 or more. However, if the stock moves below the price of 317 then the stock can see further decline up to the price level of and get its support around 275-285.
It shall be noted that the stock is expected to move in the parallel channel drawn.