Adaniports - 50 EMA Breakout and Parallel Channels

Adaniports gave closing below 50 EMA and is taking support on the parallel channel. Short Positions can be initiated once the support is broken and a target of 200 EMA can be achieved and the key to it would be sustaining below the level of 748.
Please let me know your suggestions as well
Thanks & Regards
Hritik Kaushik