The stock is forming an interesting pattern since last year.
Runs bullish for quite some time, breaks the support of the bull run then comes to retest the support area.
The sequence is shown on the charts.
If the present rally continues, this time price may go to 2500 around, (according to the past week's behavior).
Only for learning and sharing purposes, not a...
The Share is showing good support plus break out supported by Volumes.
+It has managed to stay above the breakout levels for the last 4 weeks.
+ Industry in all is in uptrend
+Good Volumes in last few months
The time-frame chosen for this analysis is weekly because it erases a lot of noise from the chart and helps us understand the structure and the sensitivity of the patterns better.
The candles have been neutralised as well to help us analyse the script better as it equates everything to a single unit.
The script AdaniPorts has been inside a range...