Friday, September 25, 2015

Adani ports & special economic zone ltd. [ADANIPORTS]

Adani ports has been trading in a range of 290 to 370 for couple of months.

Yesterday, it closed near to 300 mark closing below weekly 50 SMA.

On daily chart, it broke 200 SMA. If the trading range is respected again, we may see a bounce from range of 290 to 300. That is possibility P1 as shown in following chart.

Else, P2 and P3 seems to be on cards. Lets see how it pans out.

Bhavikk Shah's post has interesting information on Adani ports.

The above charts are created using iCharts and tradingview.

Disclaimer: These are my personal views and should not be treated as trading tips.

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