AdaniPorts (A continuation Candidate ?)

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After a long time Adani Ports again tested its trendline but couldn't close above it yet again. However there are 2 things that we need to see. This time its coming off a contraction as marked by the Blue curve lines, the contractions kept getting smaller and it broke up following a series of high volumes which indicates strength. The stock might just be poised to break through and continue upwards. However anything is possible and it might just reverse consolidate below the line and then breakoff or just reverse. While we could never predict we can react. So Be Vigilant a good trade might be building up here.

Things seem to have cooled down. And there is more possibility of positive news coming with UK almost set to approve the Vaccine. We will have to see how these developments pan out and how do markets across the globe react.