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.
Adani ports is trading near resistance zone and closing above 755 will confirm this breakout.
Buy and hold when close above 755
Target 800.
Adani Ports and Special Economic Zone
The company's cargo volumes accelerated to 300 million metric tonnes. The largest transport utility is on course to achieve 500 MMT by 2025.
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...
Adani Ports & SEZ Ltd - 17.12.2021
The stock is trading @ 724 levels
The stock has retested this price levels
RSI is oversold
The prices are below EMA
watch out for the price action
