AdaniPorts: Views : Bearish

6 gen 2023

ADANIPORTS

Technically: it's in downtrend in proper 1D timeframe.
It entered into the downtrend on 22nd Dec'22 red candle and yet into that red candle consolidation zone (similar like #RELIANCE).
The solid support is at 780 level.
In upside, 850 is the major resistance. Above that 880/900 possible.
Right now, if one wants to invest, can buy around 780-790 level. But you need to have patience.
Fundamentally: this is the sole share in Adani bucket which seems fundamentally strong also.