ADANI PORT
- As per current technical charts no1, ADANI PORT is moving in a up channel formation, as long as stock is moving in channel pattern bulls will be favored, once breaks it pattern on down side then weakness expecting.
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- Chart no2, indicates that 50 days moving average playing an important role in Adani Port, from last 6 time stock took 50 DMA support and bounced back , as long as stock holds above bulls will be favored, once stock closes below 50 DMA then stock will show first sign of weakness.
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- As per graph no3, stock is holding its strong trend line support, as long as holds above trend line short term traders will be favored, and on upper side Adani Port finding resistance around 302, Once stock closes above 302 and holds above then further strength is expecting for next few trading days.
- Intraday trading tips - Close watch once Adani Port starts trading above 302 during Indian stock market hours, if holds above 302 then intraday bulls action is expecting.
- As per graph no4, if Adani Port moves up from current levels and closed above 302 then stock will find next strong resistance around 317 its 161.8% fibonacci retracement, close watch.
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