Adani Ports and Special Economic Zone Stock Forecast
Adani Ports and Special Economic Zone stock price ended at ₹1,335.70 on Friday, after losing 0.695%.
(Updated on May 17, 2024)
The Adani Ports and Special Economic Zone stock price fell by -0.695% on the last day (Friday, 17th May 2024) from ₹1,345.05 to ₹1,335.70. During the last trading day the stock fluctuated 1.68% from a day low at ₹1,321.15 to a day high of ₹1,343.30. The price has been going up and down for this period, and there has been a 1.17% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 million shares and in total, 2 million shares were bought and sold for approximately ₹2.60 billion.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Adani Ports and Special Economic Zone stock with a 90% probability to be traded between ₹1,225.20 and ₹1,419.19 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ADANIPORTS.NS Signals & Forecast
The Adani Ports and Special Economic Zone stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹1,309.65 and ₹1,328.93. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -0.695%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Adani Ports and Special Economic Zone stock
Adani Ports and Special Economic Zone finds support from accumulated volume at ₹1,321.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₹22.15 (1.68%) between high and low. For the last week, the stock has had daily average volatility of 3.17%.
Our recommended stop-loss: ₹1,279.81 (-4.18%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (ADANIPORTS.NS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Adani Ports and Special Economic Zone Limited to open at ₹1,333.38, and during the day (based on 14 day Average True Range), to move between ₹1,300.76 and ₹1,370.64, which gives a possible trading interval of +/-₹34.94 (+/-2.62%) up or down from last closing price. If Adani Ports and Special Economic Zone Limited takes out the full calculated possible swing range there will be an estimated 5.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹1,338.80 (0.23%) than the support at ₹1,321.10 (1.09%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Adani Ports and Special Economic Zone Limited stock A Buy?
Adani Ports and Special Economic Zone holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.280 Hold/Accumulate Unchanged
Predicted Opening Price for Adani Ports and Special Economic Zone Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₹1,333.38 ( 0.173%) | ₹1,335.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADANIPORTS.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,355.53 | 1.48 % | |
| R2 | 1,347.07 | 0.85 % | ||
| R1 | 1,341.84 | 0.460 % | ||
| Current price: | 1,335.70 | |||
| Support | S1 | 1,324.92 | -0.81 % | |
| S2 | 1,319.69 | -1.20 % | ||
| S3 | 1,311.23 | -1.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,404.15 | 5.12 % | |
| R2 | 1,348.65 | 0.97 % | ||
| R1 | 1,338.80 | 0.232 % | ||
| Current price | 1,335.70 | |||
| Support | S1 | 1,321.10 | -1.09% | |
| S2 | 1,267.85 | -5.08% | ||
| S3 | 1,209.55 | -9.44% |
ADANIPORTS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jul 24, 2024 | ₹6.00 | 0.449% |
| 2 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | ₹5.00 | 0.662% |
| 3 | Jul 14, 2022 | Jul 14, 2022 | Jul 14, 2022 | ₹5.00 | 0.690% |
| 4 | Jun 24, 2021 | Jun 24, 2021 | Jun 24, 2021 | ₹5.00 | 0.704% |
| 5 | Mar 04, 2020 | Mar 16, 2020 | Mar 19, 2020 | ₹3.20 | 1.24% |
FAQ
Click here for our free guide on how to buy Adani Ports and Special Economic Zone Limited Stock.
