|Sell Range||395 – 380|
|Target||360 – 350|
|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#
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.
|Sectoral Index||Nifty 500|
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.