THIS IS ADANI PORTS IDEA FOR TRADING

AS WE CAN SEE AFTER THE BULLISH CROSSOVER ON 04TH NOVEMBER STOCK RISE 10.37% IN JUST 6BARS

stock trading at a rising trendline and above 20EMA


CHART FORMATION
BULLISH SYMMETRICAL TRIANGLE
CUP&HANDLE


INDICATORS
RSI=58.66
HV=17.10
GROSS PROFIT=27.11B UP from last quarter 25Billion

educational purposes only!

Comment:

Will bounce back from the 790 level. dark red line support see the chart I have already mentioned.

Due to covid fear and some kerla fishing community protest which said the port was causing erosion that undermined their livelihoods. this is why stocks slide and fall but now everything is on the track

Comment:

Hindenburg, a well-known US short-seller, said key listed companies in the group controlled by billionaire Gautam Adani had substantial debt, which has put the entire group on a ‘precarious financial footing.’

Adani Group Mulls Legal Action Against Hindeberg Research Over Fraud Claims

Comment:

For Adani stocks to fall, some big party needs to sell:

- LIC won't
- Banks won't (they own pledged shares; but if they sell Adani defaults and bank too)
- Promoters own close to 75%

Even shell companies won't sell.

Lesson: become so big, that you become the market itself.

Comment:

Stock making rising wedge which indicates bearish reversal till 700 levels

facing rejection from the 790 level with shooting star on day TF with a Rising wedge pattern.