Why pullback in ADANI PORTS despite strong results?

Faced strong resistance at ₹1288–₹1300 zone due to 200DMA and heavy Call OI (19L at 1300 strike) Despite strong Q4 earnings, price couldn't sustain above ₹1300 – indicating short-term supply pressure Recent pullback is healthy, not bearish – watch for ₹1200 support zone for potential reversal RSI near 56 suggests consolidation phase, not weakness A breakout above ₹1290 with volume could open gates for further upside