ADANIPORTS trade ideas
Nifty 50 Stock Analysis Series - 5th stock - Adani PortsNifty 50 Stock Analysis Series - 5th stock - Adani Ports:
------------------------------------------------------------------
Weekly Timeframe:
1. Flag pattern formed with ATH of Rs.875 and low ATL (rally low) of Rs.360
2. Flag been waving since 02nd week of June 2021
Daily Timeframe:
1. Forming slightly Inclined triangle - No strong indication of the bull rally.
2. Forming strongly declined triangle with the same level of support + reduced resistance - bearish
3. ABC correction wave forming - (B to C) is forming now. Need to wait to buy
4. Entry Points and Target Points are mentioned in the chart.
Note:
I'm not recommending buying this stock. This is for education purposes.
This is my view, based on my learning.
Please do not trade without your own conviction.
Please invest after careful research. I'm not responsible for your profits/losses.
- Gnanasekaran
Breakout from Triangle patternAdani Ports has BO'd some days ago from triangle pattern and climbed up 9% already..but there is scope for more upside, especially if the broader market is steady...targets are marked. All Adani group of companies have had a good run...Do your own research..this is an idea not a recommendation to buy.
adani portAdani Ports and Special Economic Zone Limited (APSEZ) is the largest commercial ports operator in India accounting for nearly one-fourth of the cargo movement in the country. Its presence across 12 ports (including two ports that are under construction in
Vizhinjam & Myanmar) in six maritime states of Gujarat, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha presents the most
widespread national footprint with deepened hinterland connectivity. The port facilities are equipped with the latest cargo-handling
infrastructure and offer handling services for all kinds of cargos from dry cargo, liquid cargo, crude and containers.
Apart from its port operations, APSEZ is the approved developer of a multi-product SEZ at Mundra, Dhamra and Kattupalli and its
surrounding areas. Through its subsidiary, Adani Logistics Ltd., APSEZ operates 5 logistics parks and 60 trains. The company’s
integrated services across three verticals, i.e. Ports, Logistics and SEZ, has enabled it to forge alliances with leading Indian businesses
making APSEZ an undisputed leader in the Indian port sector.
The company has 79 subsidiaries, 7 joint ventures and 2 associates company.
The port sector plays a crucial role in the country’s economic empowerment. According to the ministry of shipping, around 95% of
India’s trading by volume and 70% by value is being carried out through maritime transport. (Source: Sagarmala, Ministry of
shipping).
• India is the sixteenth largest maritime country in the world, with a coastline of about 7,517 km. Most cargo ships that trade from
East Asia to Europe, America, Africa pass through Indian territorial waters.
• The Indian ports and shipping industry plays a vital role in sustaining growth in the country’s trade and commerce. India has 12
major and 205 notified minor and intermediate ports. Under the National Perspective Plan for Sagarmala, six new mega ports will
be developed in the country.
• The Indian government plays an important role in supporting the port sector. It has allowed Foreign Direct Investment (FDI) of up
to 100% under the automatic route for port and harbour construction and maintenance projects.
• It has also facilitated a 10-year tax holiday to enterprises that develop, maintain and operate ports, inland waterways and inland
ports.