adani port buy on dips strategy to be followed

Current Price: ₹1,694.30 as of 7 September 2026 52-Week High: ₹1,891.10 52-Week Low: ₹1,292.00 1. Fundamental Analysis — 🟢 Strong Adani Ports has delivered strong financial growth: Parameter FY26 Revenue ₹38,736 Cr Revenue Growth 25% YoY EBITDA ₹22,851 Cr EBITDA Growth 20% YoY PAT ₹12,782 Cr PAT Growth 16% YoY Cargo handled 501 MMT RoCE 16% The company crossed 500 MMT of cargo in a year for the first time. International ports, logistics and marine businesses are also growing rapidly. Fundamental positives Strong revenue and profit growth Dominant position in Indian ports Growing international port business Logistics business expanding rapidly High operating margins Increasing cargo volumes Long-term infrastructure/logistics growth opportunity Fundamental concern: The stock is no longer very cheap after its substantial rally. So future returns will depend increasingly on continued earnings growth. 2. Technical Analysis — 🟡 Consolidation Current price is around ₹1,694, after the stock recently moved close to its 52-week high of ₹1,891. Important Levels Resistance ₹1,715–₹1,725 — immediate resistance ₹1,780–₹1,800 — major resistance ₹1,890–₹1,900 — previous high / strong resistance Support ₹1,680–₹1,685 — immediate support ₹1,640–₹1,625 — major support zone ₹1,600 — important medium-term support Technical View The stock is currently consolidating around ₹1,680–₹1,725 after a strong recovery. Above ₹1,725 with good volume: ➡️ Breakout possible ➡️ Targets: ₹1,780 → ₹1,800 → ₹1,890 Below ₹1,680: ➡️ Short-term weakness ➡️ ₹1,640–₹1,625 can be tested Below ₹1,625 on closing basis: ➡️ Medium-term trend becomes considerably weaker. Recent trading data also shows the stock moving between ₹1,685.90 and ₹1,716.40 today, supporting the importance of this immediate range.