ADANIPORTS MAY 2019 Analysis

Monthly Trend-UP

Weekly Trend-DOWN

Daily Trend-UP

Preferable Trade Setup-BUY

Chart Analysis

ADANIPORTS is currently trading near the daily support level of 353.15-363.Trend in daily time frame chart is uptrend.Break of this support level will trigger more selling pressure in ADANIPORTS.

ADANIPORTS daily support level

Fib retracement level for ADANIPORTS

Fibonacci golden level of 61.8 % for ADANIPORTS is at 332.If the above mentioned daily support level of 353.15-363 is broken, fib golden level of 332 should be considered as the next buying level.

Monthly support and resistance levels of ADANIPORTS using NSE option chain data

As per NSE option chain data, support level for ADANIPORTS is 290-300 and resistance level is 410-470.

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