Wednesday, April 16, 2025

Rationale Report - 16.04.2025



Recommended stocks on – 16.04.2025

( 1 )  ADANI PORTS -

·       Closed price : 1208

·       Strong Support : 1170

·       Resistance price : 1223 - 1230

Reasons for Buy Recommended – Technical outlook for Adani Ports and Special Economic Zone Ltd Average Directional Index (ADX 14): 27.09 – Suggests a strong trend.

MACD (12,26): 7.81 – Suggests a bullish crossover.These indicators collectively suggest a strong bullish trend.

Adani Ports is trading above all key Simple and Exponential Moving Averages (SMAs and EMAs), reinforcing a bullish trend :SMA 50: 1,922.23,SMA 100: 1,897.44,SMA 200: 1,876.44.

Adani Ports is currently exhibiting a strong bullish trend, trading above key moving averages and showing positive signals across multiple technical indicators.






 

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