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Investors with a short-term horizon can buy the stock of Adani Ports and Special Economic Zone at current levels.
The stock jumped 8.8 per cent accompanied by above average volume on Tuesday, breaking above a key resistance level of ₹310.
Last week, the stock had emphatically breached its 50-DMA
Overall, the short-term outlook is bullish for Adani Ports & SEZ. It has potential to trend upwards and reach ₹332.5 and ₹339 in the short-term. Traders can buy the stock with a stop-loss at ₹312.
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