As per my analysis, if NSE:ADANIPORTS 45min candle closed above level of 655, we can take buy entry with stop loss of 623. My expected upside target would be 671 & 698.00
Note: This is my personal analysis to learn stock market behavior.
Thanks.
As per my analysis, here are major support & resistance of NSE:ADANIPORTS for upcoming week.
Note: This is my personal analysis, only for learning. Thanks.
India’s largest port developer and operator comprising 12 ports and terminals and 538 MMT of operating capacity.
It also possesses the largest container handling facility in India.
Fundamental Aspects:
In last 11 years
Reserves increased 11 times,
Sales increased almost 9 times,
Net profit increased 6 times,
Huge CAPEX for future expansion &
Promoters holding had...
Buy ADANIPORTS @/above 749
Intraday/Short term Target 784
Stop Loss 743
Profit approx. 5%
Medium term Target 924
Stop Loss 722-714/below
Profit approx. 23%
On daily time frame the stock has formed a descending triangle pattern.
Its trading near its crucial 20 and 200 Ema
If it gives a breakout and sustains the price above 718. It can go upto first traget on 745.
Support :- 685
Resistance :- 720, 745, 773
Wait for the price action to form a pattern near the levels.
Infrastructure boost will be the expected theme in the budget and already made triple bottom. We can surely look forward to the above mentioned targets as currently it is holding above the 20, 50 dma
CMP Rs. P/E Mar Cap Rs.Cr. NP Prev Qtr Rs.Cr. NP Qtr Rs.Cr. PAT Ann Rs.Cr. PAT 12M Rs.Cr. ROE 3Yr % ROE 5Yr % ROE 10Yr %
739.10 27.77 150884.56 1306.69 951.71 4997.04 5432.46 16.86 18.52 19.99
1. The stock has moved out of the major support zone.
2. The price should sustain over 737.
3. Next hurdles 767 and 786
4. A move above these prices should see a...
Adaniports has taken support from weekly bands, and after forming a triangle on bottom of wave 4, it has given breakout on upside with good intensity of volume, now price is above upper band in daily time frame, along with rsi above 60 and uptick, and dmi adx positive ungali setup, this could be a good decision to go long at these levels or in dips (if any) with...
