Daily Market Research Report 22-01-2022

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Research on ADANIPORTS 22-01-2022



As per the Daily chart we have mentioned 3 technical factors.

1. 200 Days Simple Avg

2. RSI

3. Price Retracement

4. Super trend




1.200 Days Simple Avg

Stock is trading below  200 days Simple avg, which shows the weak sign

for new entry  and exit alert for the holders.


2.Relative strength Index

– RSI is below 50 , ie 41.9 cutting avg downward which is also not

a favourable sign for bullish traders.


3.Price Retracement:

Friday’s close is exact below 50 % retracement ie 740 and the next support is 727 which is already broken.One can long only if it trade or close above 50% retracement.but this figures should be keep in mind while trading in ADANIPORTS untill ths stocks make the new price zone.

4.Super trend

Super trend is also showing the sell signal.


200 Days Avg  = Weak signal

RSI            = Weak signal

Retracement   = Play with strict SL

Super trend   = Weak signal.


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