Price consolidating on hourly so looks good for a long till 395 or 415. One can enter between 377-388. Price did confirmation already so most probably we can directly enter on breakout.
Hourly chart is forming bearish pennant pattern which is a continuation bearish pattern. Also on Friday Adaniport could not sustain resistance level of 380 and fell down after touching 380.
Weekly/Daily/Hourly looks extremely bullish. Could see 424, 440 and 450 soon. Entry can be done at above 421-423. Weekly candle had a bullish engulfing made last week.
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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ADANIPORTS
