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Price and trend forecast of ADANIPORTS for Tomorrow, Weekly, Monthly

Adani Ports and Special Economic Zone Limited


ISIN: INE742F01042


As on 2024-04-12

650.00 (52W Low) 1,424.95 (52W High)

ADANIPORTS's Today's Performance

Adani Ports and Special Economic Zone Limited started the day by opening at 1,350.00 today 2024-04-12. Its shares reached a high of 1,358.40 and dipped to a low of 1,341.00 in intraday. When the markets closed, ADANIPORTS’s stock price settled at ₹1,344.20 per share. Also check out its key support and resistance levels.

ADANIPORTS Buy/Sell Targets

Tomorrow, sell ADANIPORTS when its price reaches ₹ 1,344.20 with a stop-loss order at ₹ 1,352.18. You can set the target price as ₹ 1,336.22 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of ADANIPORTS for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for ADANIPORTS

Resistance Levels Value in ₹
Tomorrow Resistance 1 1,355
Tomorrow Resistance 2 1,365
Tomorrow Resistance 3 1,372

Important Supports for ADANIPORTS

Support Levels Value in ₹
Tomorrow Support 1 1,337
Tomorrow Support 2 1,330
Tomorrow Support 3 1,320
Based on where the stock opens tomorrow, if ADANIPORTS opens on a positive note, our first target will be ₹1,355. If Target 1 is achieved, we will aim for Target 2 which is ₹1,365.

But if ADANIPORTS falls below the average value of ₹1,347.87, you can enter a sell side position with target number 1 - ₹1,337 and second target - ₹1,330 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of ADANIPORTS

Looking at ADANIPORTS, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, ADANIPORTS has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for ADANIPORTS is moderate bearish.

Tomorrow's Volume based share price Forecast for ADANIPORTS

ADANIPORTS's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -90%.

Reversal detection for ADANIPORTS

Predicted trend chart of ADANIPORTS tomorrow for price forecast
ADANIPORTS may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹1353 in morning tomorrow
Target 1 tomorrow1355
Target 2 tomorrow1359
Target 3 tomorrow1365

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with ADANIPORTS's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if ADANIPORTS opens on a positive note, our first target will be ₹1,354.73. If Target 1 is achieved, we will aim for Target 2 which is ₹1,365.27.

But if ADANIPORTS falls below the average value of ₹1,347.87, you can enter a sell side position with target number 1 - ₹1,337.33 and second target - ₹1,330.47

ADANIPORTS's Weekly Targets
1st Up Target 1,371.77
2nd Up Target 1,399.33
1st Down Target 1,326.82
2nd Down Target 1,309.43

As the week for ADANIPORTS ended on bearish sentiments, we can expect further continuation of this sentiment. ADANIPORTS's initial target will be 1,371.77 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 1,326.82 in the upcoming week.

Weekly OHLC Values
Open 1,381.95
High 1,381.95
Low 1,337.00
Close 1,344.20

Week for ADANIPORTS started with an open price of 1,381.95, and the close was at 1,344.20. ADANIPORTS reached the highest of 1,381.95 and dipped lowest up to 1,337.00 last week. This indicates a bearish sentiment for the week.

ADANIPORTS full month swing targets
Monthly Up Target 1 1,416.72
Monthly Up Target 2 1,444.28
Monthly Down Target 1 1,281.87
Monthly Down Target 2 1,219.53

Targets of ₹1,416.72 can be expected to be reached in the coming month. Once ADANIPORTS achieved this target, we can aim for the next upside target of ₹1,444.28.

ADANIPORTS if fails to hold upside, down targets of ₹1,281.87 and ₹1,219.53 can be achieved by end of this month.

For complete three weeks if ADANIPORTS is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as ADANIPORTS

Symbol Name Industry
LT Larsen & Toubro Limited Engineering & Construction
ADANIPORTS Adani Ports and Special Economic Zone Limited Marine Shipping
HAL Hindustan Aeronautics Limited Aerospace & Defense
SIEMENS Siemens Limited Specialty Industrial Machinery
BEL Bharat Electronics Limited Aerospace & Defense


ADANIPORTS is expected to reach the target of 1,354.73 in tomorrow's trading session.

After achieving the initial target in ADANIPORTS, we will aim for higher targets of 1,365.27 tomorrow.

However, if ADANIPORTS starts to trade below ₹1,347.87, then we will shift our focus to the sell side and aim for down targets of 1,337.33 and 1,330.47.