Adaniports :
Double bottom is witnessed on (A) 25.11.16 @ 255.70 (B) 27.12.16 @ 258.50 . Point (C) – Previous high Position is at 291.70. point B & C are with good volumes. Bullish trend is validated thro Moving Average.
Company’s declaration that it got clearance for Foreign Currency Denominated bonds strengthen its financials.
Long position can be created at 291.70 . Target 317 /324 .( Though the value calculation shows 324 , resistence is noticed at 317) Stoploss 258.50