Adaniportsbuy
Adani Port Special Trend AnalysisIndia’s largest port developer and operator comprising 12 ports and terminals and 538 MMT of operating capacity.
It also possesses the largest container handling facility in India.
Fundamental Aspects:
In last 11 years
Reserves increased 11 times,
Sales increased almost 9 times,
Net profit increased 6 times,
Huge CAPEX for future expansion &
Promoters holding had increased marginally.
Technical Aspects:
Price had been moving inside an ascending channel for around 13 years.
Then it broke out of that channel and today it retested the top of the channel as support.
You can observe how the price bounced exactly at the top of the channel.
RSI & MACD are showing bullish divergence on both daily and weekly timeframes.
Alternatively price is in the 2nd primary wave (white markers) of the 3rd cyclical wave (yellow markers).
Expecting initiation of 3rd primary wave from green zone highlighted.
You can zoom out to see the bigger picture of the cyclical wave (just assumptions because of uncharted territory).
Will update in future as chart unfolds.
Good to accumulate around 460 - 500 levels for the following targets:
Short term swing target @ 785 (58% ROI from CMP)
Long term swing target 1 @ 1500 (200% ROI from CMP)
Long term swing target 2 @ 1850 (273% ROI from CMP)
Long term positional target @ 2300 (364% ROI from CMP)
Do your own due diligence before taking any action.
Peace!!
Adani ports keep an eyeOn 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.
ADANIPORTS - possible upward moveCMP 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 move upwards to 800-900 levels
For Intraday
Buy above 738 for a target of 754-774 with a stop loss of 727
For Short Term
Buy above 738 for a target of 797-829 with a stop loss of 715
For Long Term
Buy above 738 for a target of 900 with a stop loss of 679
Read chart carefully for trades
AdaniportsAdaniports has taken support from weekly bands, and after forming a triangle on bottom of wave 4, it has given breakout on upside with good intensity of volume, now price is above upper band in daily time frame, along with rsi above 60 and uptick, and dmi adx positive ungali setup, this could be a good decision to go long at these levels or in dips (if any) with stoploss of 664 for targets mentioned on chart.
Key Levels are Mentioned on chart
Has taken support from weekly bands
Wave Structure could be like this
Macd in Weekly Uptick and also above zero line
Macd in daily positive crossover and Uptick and also above zero line
Rsi in daily above 60 uptick
Bullish ungali setup in daily
Upper bollinger challenged along with trendline breakout with volume
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing