Adani Ports & Special Economic Zone Ltd Technical Momentum Shifts to Bullish

Technical Trend Upgrade Reflects Growing Market Confidence

The recent technical assessment for Adani Ports indicates a transition from a mildly bullish to a bullish trend, signalling enhanced investor confidence in the stock’s near-term prospects. The Moving Average Convergence Divergence (MACD) indicator, a widely respected momentum oscillator, is bullish on both weekly and monthly timeframes, reinforcing the positive momentum. This dual timeframe bullishness suggests that the stock is gaining strength not only in the short term but also over a longer horizon.

Complementing the MACD, Bollinger Bands have also turned bullish on weekly and monthly charts, indicating that price volatility is expanding in a favourable direction. The stock’s daily moving averages further confirm this positive momentum, with the price trading above key averages, a classic sign of upward momentum in technical analysis.

Mixed Signals from Other Indicators

While the MACD and Bollinger Bands provide strong bullish signals, other indicators present a more nuanced picture. The Relative Strength Index (RSI) remains neutral on both weekly and monthly charts, showing no clear overbought or oversold conditions. This neutrality suggests that the stock has room to run without immediate risk of a technical pullback due to overextension.

The Know Sure Thing (KST) indicator, which measures momentum across multiple timeframes, is mildly bearish on the weekly chart but bullish on the monthly. This divergence implies some short-term caution but a more optimistic long-term momentum. Similarly, the Dow Theory analysis shows no clear trend on the weekly timeframe but a mildly bullish stance monthly, reinforcing the idea of a strengthening longer-term trend.

Volume and On-Balance Volume (OBV) Trends

Volume-based indicators provide additional insight into the stock’s momentum. The On-Balance Volume (OBV) indicator is bullish on the monthly chart, suggesting that buying pressure is increasing over the longer term. However, the weekly OBV shows no clear trend, indicating that volume support for the price move is still consolidating in the short term. This pattern is typical in stocks transitioning from consolidation to a more decisive trend phase.

Mojo Score Upgrade and Market Capitalisation Context

Reflecting these technical improvements, MarketsMOJO has upgraded Adani Ports’ Mojo Grade from Sell to Hold as of 03 Feb 2026, with a current Mojo Score of 64.0. This score places the stock in a moderate position, signalling that while the outlook is improving, investors should maintain a balanced view. The company holds a Market Cap Grade of 1, indicating it is a large-cap stock with significant market presence and liquidity.

Despite the positive technical signals, the absence of recent price data and returns for various periods, including 1 week, 1 month, year-to-date, and longer horizons, limits a comprehensive fundamental comparison with the broader market indices such as the Sensex. This lack of price movement data suggests either a data reporting gap or a period of price consolidation, which technical indicators are now signalling may be ending.

Comparative Technical Analysis Within the Transport Infrastructure Sector

Within the transport infrastructure sector, Adani Ports’ technical indicators are signalling a more robust momentum compared to some peers. The bullish MACD and Bollinger Bands on multiple timeframes, combined with daily moving averages trending upwards, position the stock favourably for investors seeking exposure to infrastructure growth themes. However, the mixed signals from KST and Dow Theory on shorter timeframes advise caution and suggest monitoring for confirmation of sustained momentum.

Investors should also consider the broader macroeconomic environment impacting transport infrastructure, including government policy on port development, trade volumes, and global supply chain dynamics. These factors could amplify or temper the technical momentum observed.

Investor Takeaway: Balancing Optimism with Vigilance

For investors tracking Adani Ports, the recent technical momentum shift to a bullish stance is encouraging. The alignment of multiple indicators such as MACD, Bollinger Bands, and moving averages suggests that the stock may be poised for an upward move. The neutral RSI readings imply that the stock is not yet overbought, leaving room for further gains without immediate risk of a sharp correction.

However, the mixed signals from KST and Dow Theory on shorter timeframes, along with the lack of recent price return data, counsel a measured approach. Investors should watch for confirmation of trend strength through sustained volume increases and price action above key resistance levels. Monitoring sector developments and macroeconomic factors will also be critical in assessing the durability of this bullish momentum.

Overall, the upgrade in technical parameters and the Mojo Grade improvement to Hold reflect a stock that is regaining favour but still requires careful analysis before committing significant capital.

Summary of Technical Indicator Status for Adani Ports & Special Economic Zone Ltd

• MACD: Weekly and Monthly - Bullish
• RSI: Weekly and Monthly - No Signal (Neutral)
• Bollinger Bands: Weekly and Monthly - Bullish
• Moving Averages: Daily - Bullish
• KST: Weekly - Mildly Bearish; Monthly - Bullish
• Dow Theory: Weekly - No Trend; Monthly - Mildly Bullish
• OBV: Weekly - No Trend; Monthly - Bullish

These mixed but predominantly positive signals suggest a stock in transition, with a growing likelihood of sustained upward momentum.