Adani Ports & Special Economic Zone Ltd

NSE :ADANIPORTS   BSE :532921  Sector : Infrastructure Developers & Operators

About Company: Adani Ports & Special Economic Zone is in the business of development, operations and maintenance of port infrastructure (port services and related infrastructure development) and has linked multi product Special Economic Zone (SEZ) and related infrastructure contiguous to Port at Mundra.

Daily Chart of Adani Ports:

Technical Outlook of Adani Ports Ltd:

On Tuesday, 26th April 2022 a clean breakout was seen in Adani ports daily chart. Stock gained momentum today and closed with the gains of 5.81%. Stock consolidated between 650 to 880 for almost 1.2 years. Finally the stock managed to close above the resistance level of 880 and closed above it, Now these levels would act as immediate support for the stock.

If we look at the Relative strength Index its trading above 70 level which indicates momentum in the stock. Also stock is trading above 20,50,100 & 200 Exponential Moving averages which is a bullish sign for the stock.

We suggest traders to hold long position in the stock and also one can initiate fresh long position in the stock near current market prices of 900-910 with stoploss placed below 815 and Targets on the upside are expected to be 1020- 1100 in the next 1-2 months