I looked into Hindenburg allegations on Adani group and realized, it is indeed a bubble. I looked into the chart and remembered the Stages of Bubble explained by Jean Paul Rodrigues. If Adani fails to address the allegations, Adani stocks can return to the mean.
Always do your own research!
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 Total Gas has also faced the brunt of the Hindenburg Research Report. Like other Adani Group Shares this share has also corrected. Wait for the price to settle. A support at 1970 looks good.
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.
