Stock currently shown long bullish candle and that too with increasing volumes, this indicates bulls are active in Adani Port, technical chart also indicates that stock is moving up from 200 days moving average and also from strong trend line support zone as shown in above graph. On upper side close watch stock will find strong trend line resistance at it previous top, technical indicates further price rise can be seen once stock closes and holds above its trend line resistance.
Stock was on news - Stock was up by 9% on 05th May 2015 as company reported as 25% jump in fourth quarter ended march 2015, stock closed around 346 at Bombay stock exchange approx 9.07%. APSEZ's consolidated net for the fourth quarter went up to Rs 661 crore on higher income and enhanced cargo volumes. The company said its consolidated PAT for the full fiscal grew 33% to Rs 2,314 crore compared with Rs 1,740 crore last year, visit our site for more Indian stock charts technical analysis.
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