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Adani Ports and SEZ Ltd
NSE :ADANIPORTS BSE :532921 Sector : Infrastructure Developers & Operators
As shown on daily chart, Stock price are sustaining above the trend line support. A candle with bullish white body occurred on the chart. With the application of Ichimoku cloud we can see that price are approaching the upper cloud. This indicates that short term downside trend which started from 19th May has completed and now prices can generate upside momentum in coming period.
In a nutshell, one can buy Adani Ports and SEZ Ltd at current price and more on dips around 755 levels which can take price towards 820 or higher levels as long as 746 stays protected on lower side.
Check More Analysis on ADANIPORTS at: Adani Ports and SEZ Ltd
IDFC First Bank Ltd
NSE: IDFCFIRSTB BSE :539437 Sector : Banks
On the daily time frame, the stock is moving in the form of Cup and Handle pattern. Stock once again managed to close above trendline support with Bullish candle. Since prices are placed near Upper Band Bollinger which indicates positive bias to continue.
In short, IDFC First Bank Ltd has continued to trade in the positive zone. If we take Fibonacci projection then there is possibility of seeing the target of 64 in near term. A throwback can be expected around 57 levels. This outlook remains valid as long as 55 is protected on downside.
Check More Analysis on Check More Analysis on IDFCFIRSTB at: IDFC First Bank Ltd
