| CMP# | 380.8 |
| Idea | SELL |
| Sell Range | 395 – 380 |
| Target | 360 – 350 |
| StopLoss* | 400 |
| Duration | 15 – 20 Trading Sessions |
| Potential Return^ | 5 – 8% |
| CMP# | Idea | Sell Range | Target | StopLoss* | Duration | Potential Return^ |
| 380.8 | SELL | 395 – 380 | 360 – 350 | 400 | 15 – 20 Trading Sessions | 5 – 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#
COMPANY OVERVIEW
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 | |
| NSE Code | ADANIPORTS |
| Sectoral Index | Nifty 500 |
| 52W High | 430.6 |
| 52W Low | 292.1 |
| Face Value | 2 |
TECHNICAL OBSERVATIONS (WEEKLY)
- Stock Price recently make Breakout below the true crucial Weekly support as shown below.
TECHNICAL OBSERVATIONS (DAILY)
- 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.
CONCLUSION - Adani Ports SHARE PRICE FORECAST
Based on our free positional trading tips, Adani Ports share price target will be 360 – 350 in the next few days.