Adani Ports (Daily) - Coils for Potential BO at Critical Res
Adani Ports is currently testing a significant long-term angular resistance trendline, a barrier that has persisted since the stock's All-Time High in June 2024. The stock has been in a sideways consolidation phase since March 2025, following a prolonged downtrend, and is now showing signs of building pressure against this key resistance.
Recent price action suggests a growing determination to break through, with breakout attempts becoming more frequent. Today's session saw a notable increase in trading volume, adding weight to this observation.
Broad-Based Bullish Signals 👍
The bullish case is strengthened by a confluence of indicators across multiple timeframes:
- Strong Momentum: On both the daily and weekly charts, short-term Exponential Moving Averages (EMAs) are in a bullish crossover state.
- Dual Confirmation: This is further corroborated by the Relative Strength Index (RSI) on both timeframes, which is also exhibiting a bullish crossover, confirming broad-based positive momentum.
Outlook: Awaiting Confirmation
The stock is at a critical inflection point. While multiple indicators are signaling a strong potential for an upward move, the long-term resistance remains a formidable obstacle. The price action in the coming days will be decisive. A confirmed breakout would signal the next major leg up, but until then, a cautious approach is warranted while waiting for the market to show its hand.
Recent price action suggests a growing determination to break through, with breakout attempts becoming more frequent. Today's session saw a notable increase in trading volume, adding weight to this observation.
Broad-Based Bullish Signals 👍
The bullish case is strengthened by a confluence of indicators across multiple timeframes:
- Strong Momentum: On both the daily and weekly charts, short-term Exponential Moving Averages (EMAs) are in a bullish crossover state.
- Dual Confirmation: This is further corroborated by the Relative Strength Index (RSI) on both timeframes, which is also exhibiting a bullish crossover, confirming broad-based positive momentum.
Outlook: Awaiting Confirmation
The stock is at a critical inflection point. While multiple indicators are signaling a strong potential for an upward move, the long-term resistance remains a formidable obstacle. The price action in the coming days will be decisive. A confirmed breakout would signal the next major leg up, but until then, a cautious approach is warranted while waiting for the market to show its hand.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Penafian
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Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.