As we can see on the daily time frame Adani enterprises at an important Fibonacci level which is 0.382 we can probably see a reversal from this point. we can enter into a short trade if trend line on the 15 min chart is break also we can achieve big target in this trade but with the proper segment selection and position sizing.
Shares of Adani Wilmar have crashed and have broken the recent low as well. Be careful in this stock and do not enter until price stabilizes. All Adani Group Shares are under pressure due to the Hindenburg Research Report. Let us see what the developments are in the future regarding this fiasco. In the meantime keep it on your radar.
Adani Transmission looks weak like other Adani Group stocks. It has however started forming a doji and dojis can be a sign of reversal. We will have to see whether this stock can reverse or not. If it doesn't then it is best to stay out. If reversal comes in the next week then one can look to accumulate.
In my opinion Adani Power has broken down severely and 200 is the next key support level. If there is no recovery then things can look tough for this stock. Adani Group has been the talk of the town due to a report by Hindenburg Research. The stocks have been in news for all the negative reasons.
Adani Ports at weekly support levels of 660. However, it might go below as it is currently forming a doji below that level. We need to see what the follow up would be. Buy above 660 only for targets of 900. 660 is a multi year support.
Adani Group has been the talk of the town due to a report by Hindenburg Research. This share is in the news for the wrong reason so don't jump in. There is however, a very strong support at 1230 on weekly levels. Keep a watch and buy if the level holds.
Adani Group has been the talk of the town due to a report by Hindenburg Research. Adani Enterprises also had an FPO that was finally able to get through. This share is in the news for the wrong reason so don't jump in. Buy above 3160 only and do not buy below that level. Target of 3800 can be expected if resistance is taken out.
On the backdrop of Hindenburg report ADANI group shares have tumbled very much
hereby placing the above chart where traders and investors can take some decisions.
Pure technical study based on price action...
Supports and Reversals marked in green.
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