Adani Ports (Daily) - Coils for Potential BO at Critical Res
Adani Ports is currently testing a significant long-term angular resistance trendline, a barrier that has persisted since the stock's All-Time High in June 2024. The stock has been in a sideways consolidation phase since March 2025, following a prolonged downtrend, and is now showing signs of building pressure against this key resistance.
Recent price action suggests a growing determination to break through, with breakout attempts becoming more frequent. Today's session saw a notable increase in trading volume, adding weight to this observation.
Broad-Based Bullish Signals 👍
The bullish case is strengthened by a confluence of indicators across multiple timeframes:
- Strong Momentum: On both the daily and weekly charts, short-term Exponential Moving Averages (EMAs) are in a bullish crossover state.
- Dual Confirmation: This is further corroborated by the Relative Strength Index (RSI) on both timeframes, which is also exhibiting a bullish crossover, confirming broad-based positive momentum.
Outlook: Awaiting Confirmation
The stock is at a critical inflection point. While multiple indicators are signaling a strong potential for an upward move, the long-term resistance remains a formidable obstacle. The price action in the coming days will be decisive. A confirmed breakout would signal the next major leg up, but until then, a cautious approach is warranted while waiting for the market to show its hand.
Recent price action suggests a growing determination to break through, with breakout attempts becoming more frequent. Today's session saw a notable increase in trading volume, adding weight to this observation.
Broad-Based Bullish Signals 👍
The bullish case is strengthened by a confluence of indicators across multiple timeframes:
- Strong Momentum: On both the daily and weekly charts, short-term Exponential Moving Averages (EMAs) are in a bullish crossover state.
- Dual Confirmation: This is further corroborated by the Relative Strength Index (RSI) on both timeframes, which is also exhibiting a bullish crossover, confirming broad-based positive momentum.
Outlook: Awaiting Confirmation
The stock is at a critical inflection point. While multiple indicators are signaling a strong potential for an upward move, the long-term resistance remains a formidable obstacle. The price action in the coming days will be decisive. A confirmed breakout would signal the next major leg up, but until then, a cautious approach is warranted while waiting for the market to show its hand.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
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.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
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.