ADANIPORTS

Technical View- As seen on the daily chart, the stock is holding above its 14-day EMA, indicating short-term bullish strength. Even from a long-term perspective, the stock is comfortably sustaining above its 55-day and 200-day EMAs, reflecting overall positive sentiment. The fundamentals of the company also remain strong, and with geopolitical tensions easing slightly, port sector stocks are showing positive momentum. On June 23, the stock took support near its 55-day EMA, and since the gap-up opening on June 24, it has been consistently holding above its 14-day EMA. In the short term, the stock is maintaining support near the 1375-1380 zone. On June 23, it made a low of 1336.40, followed by higher lows of 1386.20 on June 24 and 1385.50 on June 25, indicating gradual strength. Today, June 26, the stock is trading around 1405 after making a low of 1395 and is sustaining well above its 14-day EMA. In my view, as long as the stock holds above the 1375 support zone, any dip near 1395-1400 could offer a buying opportunity for short-term targets of 1450-1460.