Adani Port is taking support of Fibonacci levels after a steep downfall and formed two bullish hammers on the daily and a strong support on 4H. This looks ripe for an upside move.
Apart from being technically sound, it is also in a good position to take part in the part of Indian Railways that is prime for privatization.
This makes it a double whammy. Positional + Investment possibility
The long is good and active above 420 (as 420 can be an OC resistance). The targets are given for you in the chart itself. Instead of 431, you can take 430 as a safer target as well.
#Disclaimer: Please consult your financial advisor before any trades. SL is essential as per your appetite. Trail diligently always
Apart from being technically sound, it is also in a good position to take part in the part of Indian Railways that is prime for privatization.
This makes it a double whammy. Positional + Investment possibility
The long is good and active above 420 (as 420 can be an OC resistance). The targets are given for you in the chart itself. Instead of 431, you can take 430 as a safer target as well.
#Disclaimer: Please consult your financial advisor before any trades. SL is essential as per your appetite. Trail diligently always