Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on telegram
Share on email

Adani Port Technical Analysis #73: Sell | Target Rs 360 | Arijit Banerjee

Sell Range395 – 380
Target360 – 350
Duration15 – 20 Trading Sessions
Potential Return^5 – 8%
CMP#IdeaSell RangeTargetStopLoss*DurationPotential Return^
380.8SELL395 – 380360 – 35040015 – 20 Trading Sessions5 – 8%

# CMP on July 24, 2019
* Maintain recommended StopLoss by daily closing basis.
   Once 1st target hit, reset StopLoss at 370.
^ The returns are calculated based on CMP#


Adani Ports and Special Economic Zone Limited is India’s largest private multi-port operator in India accounting for nearly one-fourth of the cargo movement in the country. Its presence has widespread in 10 ports across 6 states: Gujarat, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha. The company provides logistics and infrastructure services, port services include marine, handling intra-port transport, storage etc.

Stock Data
Sectoral Index Nifty 500
52W High 430.6
52W Low 292.1
Face Value 2
Relative Performance_Adani Port vs Nifty 500


  • Stock Price recently make Breakout below the true crucial Weekly support as shown below.
Adani Port Weekly Chart
Adani Port Weekly Chart


  • The stock formed well defined Ascending Triangle Pattern over the last 2 months and breakout below the lower side shows further bearishness.
  • Last few days stock is trading below the 5 days and 10 days Moving Average.
Adani Port Daily Chart
Adani Port Daily Chart


Based on our free positional trading tips, Adani Ports share price target will be 360 – 350 in the next few days.


1)  It’s advisable not to enter/exit beyond the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other technical recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.


The research analysis is prepared by Arijit Banerjee, CMT, CFTe. He is a veteran trader and an active investor having in-depth knowledge in financial market research, advanced technical analysis, market cycle, algorithmic trading and portfolio management. Arijit is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts, USA. SEBI, the regulatory body of Indian financial market also recognizes him as a Research Analyst (INH300006582).


The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

Enjoy this recommendation?
Share with your friends

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on telegram
Share on email

Your return could be much more


access our premium recommendations

Swing Trading Advice

Subscription Period
3 months / 6 months / 12 months
6900 for 3 months*
  • * referred calendar months here
    e.g. Jan 20, 2020 — April 20, 2020

  • top 5-6 trade advice / month
  • average profit 9-10% / advice
  • short to medium term trade
  • ...and other exclusive benefits

Subscribe With Us

Get free Trading tips and Investment advice

We respect your privacy.

For Business Queries, Call Us (+91) 9477-83-8855

You cannot copy content of this page