.video-container { position: relative; padding-bottom: 56.25%; padding-top: 35px; height: 0; overflow: hidden; } .video-container iframe { position: absolute; top:0; left: 0; width: 100%; height: 100%; }
top of page

ADANIPORTS

Hello Readers!

Here\’s the quick analysis on Adani Port upon request from one of you-


ADANIPORT is currently trading at 342.50 after a slight correction of 12% over the last two weeks. The resistance marked on the chart below is at 363– an important level. In the past it has acted as a support level multiple times- two such instances have been highlighted on the chart below.  

Click to enlarge     Adani Ports Daily Chart as on 14/9/20

Turning our attention to support on this stock, it is not a level but a zone- 309 to 319.


RSI on the daily chart turned up from 30 ( marked by arrow) while price took support at the above-mentioned support zone. This is a good indication of strong underlying momentum.

To wrap it, adaniport looks positive. However, I would wait for sometime to take a long position in pursuit of a more favourable risk-reward-ratio. 330 seems like a good probable point of entry, however, the prevalent market circumstances at that point of time will have to be reconsidered.

A breach below 309 would be your cue to exit as it appears like a cliff fall below this support.

Regards,

Kavita Chamaria 

5 views0 comments

Commenti

Valutazione 0 stelle su 5.
Non ci sono ancora valutazioni

Aggiungi una valutazione
PMS.png
ATAT.png
TTP.png

Our Service Offerings

Subscribe to Our Newsletter

Thanks for submitting!

Book an Appointment

Talk to Raghav to understand how we can help you in your stock market journey

bottom of page