The Adani Group Solar System (Update)

JC Parets
April 2, 2021

Early in February, we had published a post discussing the Adani Group and its targets as well as risk management levels.

Seeing as this particular solar system is completing rotations and revolutions rather quickly, we thought it would be a good idea to revisit these stocks and track the updated levels for the weeks and months ahead.

Our equally weighted custom Adani Group Index has shown no sign of slowing down. The bullish trend is strongly in place and seems well on its way to the next higher level.

Click on chart to enlarge view.

Now let’s take a look at individual stocks and where they stand at present.

Adani Green has been in a sideways trend since February and continues to follow the same levels as mentioned before. We are bullish above the level of 1,015 with a target near 1,574.

Adani Enterprise is still a crowd-puller. What a mammoth move this stock has seen! The price seems to be halting at our target of 1,100.

Going forward we are bullish above the level of 1,100 with a target near 1,720.

Adani Total Gas has moved up two levels since we last wrote about it. Well, it's ready to cross another level as well!

We are bullish above the level of 885 with a target near 1,385.

Adani Transmission is moving from strength to strength. Currently in no man's land, the next target to track is 1,075 with a risk management level of 720.

Adani Ports seems to be taking a breather close to its overhead resistance of 796. While the trend is still positive, the next level of breakout to watch out for is 796 with a target close to 1,160.

Adani Power has been ripping through its levels since crossing 54. With the swift move towards 105 finding a little resistance, we are now tracking this very same level for the next breakout.

We are bullish above the level of 105 with a target near 155.

The common theme in most of these charts was having to increase the headroom in order to accommodate the fantastic move that has been playing out in the Adani Group. Hold your horse, it doesn't seem like the end of the ride yet!

Thanks for reading and please let us know if you have any questions.

Allstarcharts Team

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