In last one year this is the third time that Adani ports has formed cup and handle pattern.
We need to watch out whether this pattern will succeed.
This pattern is more meaningful in weekly or monthly charts.
NSE:ADANIPORTS Long setup at 342.25 with SL at 340.10 and three potential targets.
Note:
Please Consult Your Financial Advisor Before Taking Any Decision
Always risk 1% of account size per trade, adjust the position size accordingly
:: Adani Ports and Special Economic Zone Ld ::
Recommendation By CKVIEW. Place Order With Given Stop-Loss.
Buy Above - 380
First Target - 390
Second Target - 400
Stop Loss - 374.25
Thanking You...
Adaniports showing reversal signs. Closing above 200MA on daily chart Support 360 and next resistance at 420 levels.
ADX is trending and above 25. Short term Target 1 383.55 Target 2 397.95
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
![ADANIPORTS: ADANIPORTS Long Setup [Intraday]](https://s3.tradingview.com/g/GfsLFa2o_mid.png "ADANIPORTS Long Setup [Intraday]")
![ADANIPORTS: [2BB][IB][WEEKEND} Adaniports Long Trade](https://s3.tradingview.com/1/169wQkRL_mid.png "[2BB][IB][WEEKEND} Adaniports Long Trade")
