Adani ports and special economic zone Ltd on a daily
chart stock price at Rs. 273.40 is on the verge of breakout of parallel channel
at Rs. 274 level any closed above the same, rally will continue towards Rs. 310
level. Likewise, stock price is making higher high pattern with increase in
volumes. Momentum Oscillator MACD is heading north to give positive crossover, which
further add bullishness into stock price.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate above Rs. 274 for the target of Rs. 310 levels, with Rs. 262
stop loss on closing basis.
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