Why Adani Ports Share Prices are Falling? Will it be the next Yes Bank or DHFL?

  • Stock Market Analysis

Adani Ports & Special Economic Zone (NS: APSE ) Ltd

NSE: ADANIPORTS   BSE: 532921  Sector: Infrastructure Developers & Operators

ADANI PORTS is a Nifty candidate, today on Thursday 17-June-2021 stock crashed by 8.46% and closed at 646.90. In the last seven trading sessions, the stock from a high of 901, touched a low of 638.35 today. A correction of 29% from highs.

The stock has seen corrections on the issue of corporate governance and in the last few years, we have seen best-performing stocks like Yes Bank Ltd (NS: YESB ), Dewan Housing Finance Corp. Ltd. (NS: DWNH ), Reliance Infrastructure Ltd (NS: RLIN ), Reliance Capital Ltd (NS: RLCP ) becoming penny stocks on issues of corporate governance. It’s better to take an exit from the stock and we suggest not to invest any fresh money in the stock till this issue of corporate governance is resolved.

What’s Ahead? Technical outlook of ADANI PORTS:

More than technical, sentiments are playing the main role in the recent fall of the price of ADANI PORTS. Stock in the last few trading sessions breached key moving averages (10,20,50 & 100 EMA) and heading towards the 200 Exponential moving average at 600-605. On Daily charts stock has formed “Double Top Pattern” which is a bearish price pattern and it is more significant when formed around all-time highs. The overall market is in the correction mode and there seem to be more cracks ahead for the June 21 series expiry.

We suggest an exit from ADANI PORTS on price rise and stay away from the stock for a few trading sessions. Key support levels to watch out for would be 200 Days EMA at 600-605 and Key resistance levels would be 702-705 i.e. 100 Days EMA. Stock is trading wild and one should trade with low quantity. We have selling recommendations on the stock with a stop loss of 704 for the targets of 605 and 550.

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  • deepakcoach sharma @deepakcoach sharma
    That is a basic reasons for Adani stocks to fall more as investors are still bullish despite huge governance issue, surpisingly people do not learn from past mistakes,
    Like 3
  • Ashok Shetty @Ashok Shetty
    Adani ports has a reasonable PE ratio. Also it is a Nifty 50 stock. The recent drubbing of Adani Stocks have actually brought it to attractive levels for long term investor. It has lot of short positions at 800 and further rally can take the stock above 800 before expiry.
    Like 13
  • Subhransu Mondal @Subhransu Mondal
    logoke batome mat ao...apna akal lagaw.
    Like 5
  • Jitendra Jauhar @Jitendra Jauhar
    Faulty assessment spreading false fear & panic over a false news. Soon, we will see the stock recover & reach (& even breech) the same peak where it dipped from.
    Like 25
    • Rahul Kachroo @Rahul Kachroo
      That is their job to spread panic among retail investor to bring down the price of the stock they missed abd then buy it themselves.
      Like 5
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  • vimal kumar @vimal kumar
    what happend today it hit UC .thanks for your analysis..
    Like 16
  • Amit Jindal @Amit Jindal
    Lol, yesterday I bought and bought more and more shares. Today entire market is down and Adani Port is up by 8%. This stock will go upto 1000 in 3 months.
    Like 31
    • Imran Momin @Imran Momin
      700-705 k baad 800
      Like 6
    • rakesh bulnani @rakesh bulnani
      because ur idiot to buy this fraud company share. better buy Infosys tcs hdfc icici bank
      Like 1
    • rakesh bulnani @rakesh bulnani
      because ur idiot to buy this fraud company share. better buy Infosys tcs hdfc icici bank
      Like 2
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  • Pravin Tumdam @Pravin Tumdam
    total loss by foreigners
    Like 2
  • ajay kumar @ajay kumar
    Sir aapka article padh kr holding nikal loss book kr lia or stock badh gya.
    Like 13
    • Manju Halgur @Manju Halgur
      Thank him later!!!
      Like 3
    • kuldeep ranavare @kuldeep ranavare
      sell on rise opportunity hain
      Like 1
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  • ANVESH REDDY VYZA @ANVESH REDDY VYZA
    I have 11000 shares of adani power. I am unable to sell the stocks because of lower circuit. Is there any way to sell shares.? Kindly suggest me ?
    Like 2
    • ANVESH REDDY VYZA @ANVESH REDDY VYZA
      @Mohan Panday I tried to execute GTT as well but its not taking
      Like 0
    • Sriraman Subramanian @Sriraman Subramanian
      @ANVESH REDDY VYZA : Try in pre market hours
      Like 0
    • Manish Shrivastav @Manish Shrivastav
      Hold it,,   Remember Infosys whistlerblower case in march april2020   Now see where is Infosys
      Like 3
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  • Capt Lalith Kumar @Capt Lalith Kumar
    stay away for next few months and once bottom formed, then you will hear good news or turn around then enter. long term investor or short term investor first protect your capital (unless stock hits lower circuit and you could not execute ( bad luck) then
    Like 1
    • ANVESH REDDY VYZA @ANVESH REDDY VYZA
      @Capt Lalith Kumar I have 11000 shares of adani power. I am unable to sell the stocks because of lower circuit. Is there any way to sell shares.? Kindly suggest me ?
      Like 4
    • Amit Jindal @Amit Jindal
      @ANVESH REDDY VYZA Do not sell. Have patience.
      Like 4
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  • Rahul Kachroo @Rahul Kachroo
    He is mostly wrong so I would say its probably time tk buy Adani Port. If these analyst are so samrt they will come with these artiles before the fall. But notice they disply their wisdom only after the damage is done. Adani port is the only stock with a realistic PE of around 35 or so out of all adani stocks. They have expanded the bussiness massively. Also, the business is generating good free cash flows. Please take some time out and do your own due deligence if you are a long term investor. You will never get a valuable advice for free from any of these analyst
    Like 45
    • Rahul Kachroo @Rahul Kachroo
      See after wriitng the article he must have been the first one to buy this stock. These guys are exploiting retail investors. This stock is up 7% after his article so I am bang on.
      Like 6
    • ANVESH REDDY VYZA @ANVESH REDDY VYZA
      @Rahul Kachroo  I have 11000 shares of adani power. I am unable to sell the stocks because of lower circuit. Is there any way to sell shares.? Kindly suggest me ?
      Like 0
    • Rahul Kachroo @Rahul Kachroo
      @ANVESH REDDY VYZA put a trade at the market price (dont put limit price) before the merket opening and see what happens. What is yoir buying price?
      Like 0
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  • Pushpraj Gupta @Pushpraj Gupta
    should i hold for long term?
    Like 0
    • balaji ravi @balaji ravi
      if u sell u may suffer lossif u buy you may take lossso it is advisable to wait and when the stock gets resistance level buy some more to tackle losses easily
      Like 1
    • balaji ravi @balaji ravi
      if u sell u may suffer lossif u buy you may take lossso it is advisable to wait and when the stock gets resistance level buy some more to tackle losses easily
      Like 0
    • ANVESH REDDY VYZA @ANVESH REDDY VYZA
      @balaji ravi I have 11000 shares of adani power. I am unable to sell the stocks because of lower circuit. Is there any way to sell shares.? Kindly suggest me ?
      Like 0
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  • Ishaan Surolia @Ishaan Surolia
    Should i hold or sell
    Like 1
    • Naveen Mirajkar @Naveen Mirajkar
      Hold
      Like 3
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  • Sriram Subramaniam @Sriram Subramaniam
    Can you tell your views for long term investors as well?
    Like 0
  • Ishaan Surolia @Ishaan Surolia
    Should i hold or sell?
    Like 0
    • Naveen Mirajkar @Naveen Mirajkar
      {{uid:}}Hold
      Like 0
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  • Pankaj Sadrani @Pankaj Sadrani
    Very good information.
    Like 4
    • ANVESH REDDY VYZA @ANVESH REDDY VYZA
      @Pankaj Sadrani I have 11000 shares of adani power. I am unable to sell the stocks because of lower circuit. Is there any way to sell shares.? Kindly suggest me ?
      Like 2
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