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Trendz9

ADANI 50% retracing Completed

Short
ADANI ENTERPRISES (NSE:ADANIENT)  
Trendz9  
NSE:ADANIENT   ADANI ENTERPRISES
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ADANI had comp9leted it's 50 % retracement . 9 DSMA is also placed at 50 % retracement level. Also it had broken 20 DEMA support. News about adani inquiry in US also support short.
Price to book value is 6 times pe is 81 times. At this high valuation and where inquiry pending against company makes it vurnable to price correction.
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