Adani Ports: Moving Averages Support Momentum

Adani Ports and special economic zone Ltd remains in a constructive uptrend after a strong November breakout from the ₹1,760–1,820 consolidation zone. Price recently tested the ₹1,960–1,980 area and is now seeing a mild pullback near ₹1,903. The fast moving average is placed near ₹1,936, while the slower average near ₹1,891 is acting as the more important trend support. ADANIPORTS The coloured MACD continues to show positive momentum. The MACD line remains above the signal line, and the histogram is still positive, although the bars have started to narrow. This suggests that momentum is cooling after the sharp upmove, not yet reversing. A pullback that holds above the slower average would keep the bullish structure intact. The immediate resistance zone is ₹1,935–1,980. A sustained move above it can bring the ₹2,000 level into focus. On the downside, ₹1,890 is the first support, followed by the prior breakout band around ₹1,820. Holding these levels would favour continuation after consolidation.