Adani Stocks - Light at the end of the Tunnel?
Amid all the negativity in the last couple of weeks, is there some light at the end of the tunnel or it's a dead cat bounce?
As soon as the news of promoters paying $1.1bln before the time to free its pledge share was out, the stock of Adani Group began its reversal journey.
Technically, few of the Adani stocks like Adani Ports, ACC and Ambuja were trading at major support and they are showing the sign of reversal setup on charts.
I wrote about catching the following knives on 3rd Feb 2023 to highlight these setups. Read here
The chart structure indicates the group stocks may witness a short-covering rally and till the recent lows are not taken out, the stock may hold the light at the end of the tunnel perspective.
You can watch the Adani Group stocks Live Stock Price here
#AdaniStocks
#ChartPatterns
Amid all the negativity in the last couple of weeks, is there some light at the end of the tunnel or it's a dead cat bounce?
As soon as the news of promoters paying $1.1bln before the time to free its pledge share was out, the stock of Adani Group began its reversal journey.
Technically, few of the Adani stocks like Adani Ports, ACC and Ambuja were trading at major support and they are showing the sign of reversal setup on charts.
I wrote about catching the following knives on 3rd Feb 2023 to highlight these setups. Read here
The chart structure indicates the group stocks may witness a short-covering rally and till the recent lows are not taken out, the stock may hold the light at the end of the tunnel perspective.
You can watch the Adani Group stocks Live Stock Price here
#AdaniStocks
#ChartPatterns
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