SWING TRADE FOR FEB SERIES 2018 :BUY ADANI PORTS FOR 5% RETURNS

Adani Ports is looking favorable for buying as the stock price is moving in the long term rising channel making higher tops and bottoms on daily charts.

Also 200 day SMA and EMA providing good support at around 390 levels with a long bullish candle stick.

Indicators like RSI also in oversold level which shows that the stock price is at around support levels.

Here is the snapshot:

On shorter time frames like hourly charts MACD showing divergence in prices  which reflects the strength for the bulls.

Here is the snapshot:

 

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