ADANI PORTS & SEZ Elliott Wave Analysis – TradingLounge Day Chart
ADANI PORTS & SEZ Day Chart Technical Overview
ADANI PORTS & SEZ Elliott Wave Technical Overview and Analysis
FUNCTION: Bullish Trend
MODE: Impulsive
STRUCTURE: Orange wave 1
POSITION: Navy blue wave 3
DIRECTION (Next Lower Degree): Orange wave 2
DETAILS: Navy blue wave 2 appears complete; orange wave 1 of 3 is now unfolding.
Invalidation Level: 1040
The daily chart for ADANI PORTS & SEZ highlights a sustained bullish trend supported by an impulsive wave pattern. The stock is currently forming orange wave 1, nested within navy blue wave 3, indicating the onset of a strong upward move in the medium term.
Elliott Wave analysis suggests that navy blue wave 2 has ended, making way for the emergence of orange wave 1 of 3, a sign of increasing bullish momentum. The anticipated correction phase, orange wave 2, could follow before the uptrend continues, offering potential entry opportunities for traders.
The critical support level is 1040—a drop below this level would invalidate the current wave structure, requiring a reassessment of the bullish scenario. As long as this level holds, the technical setup favors continued upward price action.
With orange wave 1 in progress and navy blue wave 2 confirmed complete, ADANI PORTS & SEZ appears positioned for further growth. The impulsive nature of the current movement reflects buyer strength and underscores a short-term bullish outlook.
ADANI PORTS & SEZ Elliott Wave Analysis – TradingLounge Weekly Chart
ADANI PORTS & SEZ Technical Overview – Elliott Wave Analysis
FUNCTION: Bullish Trend
MODE: Impulsive
STRUCTURE: Navy blue wave 3
POSITION: Gray wave 3
DIRECTION (Next Lower Degree): Navy blue wave 4
DETAILS: Navy blue wave 2 appears complete; wave 3 is now in motion.
Invalidation Level: 1040
The weekly Elliott Wave chart of ADANI PORTS & SEZ shows a strong bullish formation within navy blue wave 3, which belongs to the larger gray wave 3 structure. This is typically the most aggressive part of a bullish cycle, characterized by steep and extended price increases.
Wave analysis confirms the completion of navy blue wave 2, setting the stage for the continuation of navy blue wave 3, often marked by rapid advances and minimal pullbacks. The next likely development will be navy blue wave 4, a corrective move following the completion of the current upward leg.
The 1040 level remains a key support threshold. A breach below this point would call for a reevaluation of the current Elliott Wave count. Until then, the bullish scenario remains intact and technically favored.
As navy blue wave 3 progresses, ADANI PORTS & SEZ shows a strong potential for upward continuation, supported by impulsive price action and robust investor sentiment. This aligns with the broader gray wave 3, reinforcing the medium- to long-term bullish perspective.
Technical Analyst: Malik Awais
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