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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 IndexNifty 500
52W High430.6
52W Low292.1
Face Value2
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


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.


This research analysis is prepared by Arijit Banerjee, CMT, CFTe. An engineering graduate developed an early interest in Trading since the age of 20. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and also has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts (IFTA), USA. His contribution to the market research was recognized by SEBI, the Regulatory Body of Indian financial market and given him the registration number INH300006582 as a Research Analyst. Over the years, he has gained experience in Technical Analysis with a demonstrated history of working in different asset classes. Himself as a trader, he has trained and continues training novice and experienced traders to become successful, confident and profitable in the financial market.


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.

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