well no doubt after the heidenbergs report there was a huge fall in adani stocks , so does that mean you should sell your entire stake in adani stocks
lets discuss
1) see it was an open secret that adani stocks were overvalued, a much needed retracement was required for building new position, this opportunity came in the form of heidenberg report
2) after this report almost all adani stocks are at 50% discount from its top, so what i want to say it may not fall further , obviously not it may.
than what to do with your open position.(these are only my views)
a)if you are early investor and bought adani stocks at reasonable price(price before the rally) and you have long term vision than stay invested and also dont see charts daily you will end up burning your blood seeing the portfolio going down
b)if you bought them with swing point of view and not exited yet than exit as soon as possible, dont expect an vertical upmove, you will end up loosing more, and dont convert it in longterm.
what else you can do
1)wait and watch- adani stocks are powerful stocks with mostly promoters holding(60-75%) so just because of one report with some allegations not proven facts the entire group will not going to collapse thus dont become the part unnecessary panic
2)make new positions- as per my opinion it is not the right time to make fresh buying position in adani stocks, let the market settle make some price action and if there is some sign of reversal than enter
am i biased in adani stocks
not in all but in adani ports
i did observed something interesting, although all the adani stocks closed at lower circuit but that did not happened to adaniports. even it took support from an important level as marked on the chart on weekly time frame. so it is possible that it may not fall further. also, during the day close there was higher high formation at 5min time frame. thus i am very much interested in this stock.
see, adani business is infra centric thus till the time india is focusing on its infrastructure adani's business is going to flourish.
these are only my views. share your views in comment section, would love to read them.
do boost this post so that it will reach more people
lets discuss
1) see it was an open secret that adani stocks were overvalued, a much needed retracement was required for building new position, this opportunity came in the form of heidenberg report
2) after this report almost all adani stocks are at 50% discount from its top, so what i want to say it may not fall further , obviously not it may.
than what to do with your open position.(these are only my views)
a)if you are early investor and bought adani stocks at reasonable price(price before the rally) and you have long term vision than stay invested and also dont see charts daily you will end up burning your blood seeing the portfolio going down
b)if you bought them with swing point of view and not exited yet than exit as soon as possible, dont expect an vertical upmove, you will end up loosing more, and dont convert it in longterm.
what else you can do
1)wait and watch- adani stocks are powerful stocks with mostly promoters holding(60-75%) so just because of one report with some allegations not proven facts the entire group will not going to collapse thus dont become the part unnecessary panic
2)make new positions- as per my opinion it is not the right time to make fresh buying position in adani stocks, let the market settle make some price action and if there is some sign of reversal than enter
am i biased in adani stocks
not in all but in adani ports
i did observed something interesting, although all the adani stocks closed at lower circuit but that did not happened to adaniports. even it took support from an important level as marked on the chart on weekly time frame. so it is possible that it may not fall further. also, during the day close there was higher high formation at 5min time frame. thus i am very much interested in this stock.
see, adani business is infra centric thus till the time india is focusing on its infrastructure adani's business is going to flourish.
these are only my views. share your views in comment section, would love to read them.
do boost this post so that it will reach more people