Adani Ports – CMP - ₹320.4 – Dt. – 14-07-2020
On the daily chart, you can the stock has made continuous low for past 3 days and in last session, the stock made black Marubozu which indicates bearishness in the market. If the market is a week in next trading session than stock can go up to the support level of ₹301.25. On the controversy, if the stock starts moving upward due to fresh buying than it will face resistance at ₹339.50 and if a stock passes the resistance than the trend line will work as resistance for the stock. CCI is in oversold zone and RSI is near to oversold zone. MACD has given a sell signal.
On the daily chart, you can the stock has made continuous low for past 3 days and in last session, the stock made black Marubozu which indicates bearishness in the market. If the market is a week in next trading session than stock can go up to the support level of ₹301.25. On the controversy, if the stock starts moving upward due to fresh buying than it will face resistance at ₹339.50 and if a stock passes the resistance than the trend line will work as resistance for the stock. CCI is in oversold zone and RSI is near to oversold zone. MACD has given a sell signal.
Trade active:
Stock breached the support zone and closed at ₹315.15 with more volume than previous ones as said on 14-07-2020. If the stock starts falling again than it can go up to ₹300.