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Adaniporttechnicalanalysis

Adani Port Special Trend AnalysisIndia’s largest port developer and operator comprising 12 ports and terminals and 538 MMT of operating capacity. It also possesses the largest container handling facility in India. Fundamental Aspects: In last 11 years Reserves increased 11 times, Sales increased almost 9 times, Net profit increased 6 times, Huge CAPEX for future expansion & Promoters holding had increased marginally. Technical Aspects: Price had been moving inside an ascending channel for around 13 years. Then it broke out of that channel and today it retested the top of the channel as support. You can observe how the price bounced exactly at the top of the channel. RSI & MACD are showing bullish divergence on both daily and weekly timeframes. Alternatively price is in the 2nd primary wave (white markers) of the 3rd cyclical wave (yellow markers). Expecting initiation of 3rd primary wave from green zone highlighted. You can zoom out to see the bigger picture of the cyclical wave (just assumptions because of uncharted territory). Will update in future as chart unfolds. Good to accumulate around 460 - 500 levels for the following targets: Short term swing target @ 785 (58% ROI from CMP) Long term swing target 1 @ 1500 (200% ROI from CMP) Long term swing target 2 @ 1850 (273% ROI from CMP) Long term positional target @ 2300 (364% ROI from CMP) Do your own due diligence before taking any action. Peace!!
NSE:ADANIPORTSLong
by Swastik24
4
Adani Enterprise just pure technical analysisAdani Enterprise just pure technical analysis broke the 200 day moving average on large volume lot of news flow with some allegations by Hindenburg short seller with some issues around float/holding structure and pending follow-on-public offer Most likely previous support will become resistance, and trend broken? Keeping this to technical analysis for the time being Shows important questions around corporate governance in emerging markets Holding structure and what's true float?
NSE:ADANIENT
by Alphahunter07
AdaniportsAdaniports has taken support from weekly bands, and after forming a triangle on bottom of wave 4, it has given breakout on upside with good intensity of volume, now price is above upper band in daily time frame, along with rsi above 60 and uptick, and dmi adx positive ungali setup, this could be a good decision to go long at these levels or in dips (if any) with stoploss of 664 for targets mentioned on chart. Key Levels are Mentioned on chart Has taken support from weekly bands Wave Structure could be like this Macd in Weekly Uptick and also above zero line Macd in daily positive crossover and Uptick and also above zero line Rsi in daily above 60 uptick Bullish ungali setup in daily Upper bollinger challenged along with trendline breakout with volume Disclaimer I am not sebi registered analyst My studies are Educational purpose only Consult with your Financial advisor before trading or investing
NSE:ADANIPORTSLong
by RK_Chaarts