Breakout after a downtrend. A few Adani stocks seem to be trending upward. above 400 things get interesting. Don't think this one would be a quick gainer post that but trend change could take it up slowly. .
ADANI PORT already broken HNS trend @ 395. good to go short TGT 370 and 360 stop will come at 400.
Not a SEBI certified analyst. please take financial planner help before investing.
Here we are drawing a newton line based on previous swing high break. If stock moves below the newton line we can short it with risk to reward ratio of 1:2.
It is been observed on the daily chart that the price action is forming lower highs and lower lows indicating further weakness ahead.
Target 1: 330
Target 2: 320
Stoploss: 350
Adani Ports in the breakout zone on weekly chart!! Should do 380-400 in the coming weeks......
Results today on Valentine's Day!!
Posting ahead of result.....
Adani ports hourly chart looks good to short.But have to maintain strict SL.RR is good nearly 1:1
This chart is only for study purpose contact your financial adviser before taking the position.
Adani Ports and Special Economic Zone Limited is an India-based port infrastructure company. The Company is engaged in the business of developing, operating and maintaining the Port and Port-based related infrastructure facilities, including Multi product Special Economic Zone (SEZ). Its segments include Port and SEZ Activities, and Others. Its Others Segment mainly includes Aircraft Operating Income and Services. The Company also provides logistics and infrastructure that moves goods from the port to customers. Its port services include marine, handling intra-port transport, storage, other value-added and evacuation services for a range of customers, primarily terminal operators, shipping lines and agents, exporters, importers and other port users. The categories of cargo handled at the Company's ports are bulk, containers and crude oil. It operates approximately 10 ports/terminals spread across over five states of India, including Gujarat, Goa, Andhra Pradesh, Tamil Nadu and Odisha.
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