Adani Ports - Rs.285/- the stock has been in an uptrend for last two years. We have to see whether the trend is intact or not. It can be seen in the chart that for last six months, the stock is in a range and notice the volumes during the ranging market they were high, which is a clear indication that a good amount of distribution has been done and further upsides in the stock are very difficult. The stock has broken out of the range and the break down has been on volumes, so we can expect further down sides. Unless and other wise the range is conquered we can expect the stock to come down. Technically it has chances of falling to around 180 levels so will it go there only time will tell but technicals are pointing towards that.

Mahiidar M

Enjoying Life

Trend is Friend.