Adani crashed close to 80 % from its peak before it bounce. 1st bounce is impulsive, which generally considered as fake bounce. The geniality of the bounce will will be tested with series of whipsaw movements which we are presently witnessing in this script.
Also in this script we have seen GAP's. GAPS are generally get filled but not necessary, confirmation GAPS take long time to get filled, some time it doesn't fill also. NOTE - A fundamentally robust company GAP's get filled but not all GAP's.
This script is very interesting. one observation is for sure that, after 1st bounce it will come down, Here in this case also, after 1st bounce expecting to comes down and the down target is around 1600 levels.
Also in this script we have seen GAP's. GAPS are generally get filled but not necessary, confirmation GAPS take long time to get filled, some time it doesn't fill also. NOTE - A fundamentally robust company GAP's get filled but not all GAP's.
This script is very interesting. one observation is for sure that, after 1st bounce it will come down, Here in this case also, after 1st bounce expecting to comes down and the down target is around 1600 levels.