Anchor your money at “Adani Port”

Stock had been traders pick while markets were rallying to 9000 a year back but since than it has under performed Nifty and so it has been out of radar in watch list. But i guess many of them missed a crucial pattern at the recent bottom. Though i picked it up! Strong reversal pattern “Inverse Head and Shoulder”  has formed and given a confirmation by closing twice on Neckline. Still its better late than Never. Stock has just crossed a small speed breaker of 50 day at 225 and now next resistance is at 100 day EMA which is at 251 coinciding with Inverse H&S pattern. You guys still could trade.

Target on Upside: 251

Stop loss: 210

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