Dissection of Adani ent.
Just attemped from the datas available on trading view from 2006.
Posiible waves in major 1st wave shown in the chart,
2 nd wave was 61.8 percent retracement of 1 st wave.
Major 3 rd wave continued up to Feb 20 till covid break down started,
Here 4 th wave was exactly retracement of 23.6 percent of 3 rd wave.
Then again Adani had a spectacular run up to jan 23 till when Hidenberg report rocked it.
Then it fell only 38.6 percent of its rise from March 20 to January 23. (Though all of us thought adani groups was finished)
Now question is?Is the final 5 th wave in Adanient is completed and another bull cycle has started?
Same question is applicable for Nifty ,Bank nifty ,and notable stocks too.
There is no appreciable retracement of Indian indices ,Even IT index was down only 38.6 percent of its rise from 2020 to 2021.
Likewise Bull run in Adani ent is still on.
Please like this post if it helps you.
Follow me to get updates,
Just attemped from the datas available on trading view from 2006.
Posiible waves in major 1st wave shown in the chart,
2 nd wave was 61.8 percent retracement of 1 st wave.
Major 3 rd wave continued up to Feb 20 till covid break down started,
Here 4 th wave was exactly retracement of 23.6 percent of 3 rd wave.
Then again Adani had a spectacular run up to jan 23 till when Hidenberg report rocked it.
Then it fell only 38.6 percent of its rise from March 20 to January 23. (Though all of us thought adani groups was finished)
Now question is?Is the final 5 th wave in Adanient is completed and another bull cycle has started?
Same question is applicable for Nifty ,Bank nifty ,and notable stocks too.
There is no appreciable retracement of Indian indices ,Even IT index was down only 38.6 percent of its rise from 2020 to 2021.
Likewise Bull run in Adani ent is still on.
Please like this post if it helps you.
Follow me to get updates,
