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Unite Technologies Financial

23rd Feb · SEBI-Registered Analyst

Technical Analysis ADANIPORTS

The stock

ADANIPORTS
is currently trading at ₹1548.10 showing a positive daily move of +2.42%. Looking at the long-term view the stock has moved from the ₹800 levels to its current all-time high zone. This indicates a strong long-term bullish trend. Cup and Handle/Rounding Pattern after hitting a peak in mid-2024 the stock underwent a long consolidation phase forming a base. It has recently broken out of this massive consolidation range. The price has just cleared the previous resistance level the horizontal line near ₹1500. Whenever a stock breaks above its previous lifetime high it enters a blue sky zone where there is no immediate overhead resistance. Since early 2025 the stock has consistently made higher bottoms showing that buyers are stepping in at higher levels every time the price dips. For short-term as long as the stock stays above ₹1500 the momentum remains strong. For long-term the stock is in a structural uptrend. Investors usually look for buy on dips opportunities near the ₹1450–₹1500 zone. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.

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