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Adani

what to expect from adaniportswell 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
NSE:ADANIPORTS
by bannasaa
4
Why are the Indian Markets falling?In the past couple of days, Indian markets have shown a major correction. The Nifty Bank Index corrected more than 6% while the Nifty50 Index came down by more than 3%. The main reason for this correction is the research report published by Hindenburg Research (A US based investment research firm) which suggested that Adani stocks may crash upto 85% crash purely based on fundamentals and also highlighted some major irregularities in the business and accused them of pulling 'The Largest Con in Corporate History'. The research firm has opened short positions in Adani securities in the international markets. This may also disturb the upcoming Adani FPO. All the companies that fall under the Adani group have shown a major crash with huge today: 1.Adani Enterprises: -18.52% today i.e: -627.50 2.Adani Green : -20% (lower circuit hit) i.e: -371.55 3.Adani Ports : -16.29 i.e: -116.20 4.Adani Transmission: -20% (Lower circuit hit) i.e: -503.55 5.Adani Power : -5% i.e: -13.05 6.Adani total Gas L: -20% i.e: -732 7.Adani Wilmar L : -5% i.e: -27.20 Gautam Adani, the chairman of Adani group lost more than $20B of wealth in a single day according to Forbes. Thus, going to the 7th rank from the 3rd in the richest people in the world list. This report also highlighted the amount of debt on the Adani group, this created a fear of banks defaulting the loans and major banks like HDFC Bank fell almost 2% and SBIN who is also the biggest money lender of Adani group corrected by 5%. This in turn dragged the Nifty Bank Index down. For the next few days, it is best to avoid trading Banknifty as it is going to be very volatile in the coming days and technical analysis won't be reliable in this type of news driven market and day traders should prefer trading Nifty. However, option premiums will be very expensive due to the IV spike in the market. The closest buying zone for Banknifty is above 40820 only if it sustains above it for minimum 20 minutes. The aggresive buying zones are 41500 and above. Stocks in the IT sector and Reliance need to show strength to bring nifty up. Investors should be ready for a few more bearish days. The market may show signs of reversal after the Union Budget if there is some positive news in it which will be revealed on the 1st of February 2023. Disclaimer: Not investment or trading advice
NSE:BANKNIFTYShort
by Shivraj_Patil_
adani port elliot wave analysisadani port daily chart analysis 1 adani port daily chart analysis new wave start 20 june 2022 and continue upside . internal wave of new wave count (1,2,3,4,5) Wave (1) start 20 june 2022 this time price of adani port is 203 and end this wave 6 july 2020 price 366 Wave (2) start 6 july 2020 price 366 end this wave 5 april price 885 Wave (3) start 5 april price 885end this wave 20 july 2022 price 655 Wave (4) start 20 july 2022 price 655 end this wave 19 sep 2022 price 987 Wave (5) start 11 23 dec 2022 price 2091 this stock internal sub wave 1,2,3,4,5 complete daily chart and 2 or 4 trend break and pattern confrim downside
NSE:ADANIPORTSLong
by HARISHRAO99
ADANI PORT --LOWER CHANNEL BREAKOUTADANI PORT --HOURLY CHART SETUP --LOWER CHANNEL BREAKOUT 1, Adani port seen lower channel breakout on hourly chart last hourly candle . 2. Pullback seen around 785-790 sub level trendline breakout above 805 level 3. One can initiate Buy 810-820 range for positional target 830-850-880 stop loss bellow 780 level 4. Trading above 44 HMA on hourly chart . 5. RSI above wma . THIS IDEA IS FOR EDUCATIONAL PURPOSE ... trade at own risk ,!! HAPPY TRADING ,!
NSE:ADANIPORTSLong
by champtrade111
1