The market has brought up back to the point where we have to increase the headroom on the Adani Group charts again!

These updates have been such great reminders of riding the trend, don't you think? The way these stocks have taken off and continue to move higher is quite the story!

So without any further delay, let's take a look at the levels we're following next!

For starters, let's see where our custom equally weighted index is headed. Of course, we know it's moving higher, but it's important to note the trend.

Well, there we have it! Higher highs, higher lows. Held on to the support zone and bounced off of it. It's now got a little more room before it runs into resistance.

Let's go over the roster sheet now!

Guess where we're at again?

We're at a point where the Adani Solar System constituents get another upgrade (well, wherever applicable).

Are you invested in the Adani group stocks? Then this would be a good post for you.

The Adani Group Solar System has been one of the most talked-about posts here at ASC and one can see why! For the most part, we keep upgrading the targets unless the trend suggests otherwise. It's true that not all stocks are outperformers, but the ones that are, are doing pretty great.

So let's take a look at where these stocks stand today.

First up, we have the ASC Adani Group Index. A quick peek at this and you see a resistance around the corner. So the move that we're witnessing now could take a break. This is an absolutely logical place for that to happen.

Click on the chart to zoom in.

The Adani Group has been quite the wealth generator over time. But, in brief periods, they also tend to hit lower circuits. SO definitely a lively bunch, that's for sure!

It's been a while since we updated the trends in this space, so this is just that. An update in the levels that are to be followed.

So let's take a look, shall we?

First up, we like to see where the group as a whole is and what the trend is like there. Here's where the ASC custom Adani Group Index is as of today.

We saw the stocks making their highs in June this year, following which the group stocks went into a corrective mode (both time and price). What we can also see here is that the index hasn't crossed the high made in June and is still trading beneath it. We'd like to see this breakout here to be heavily bullish on this group again. Until then, it's a selective game.

Click on the image to zoom in.

What's the one thing that's on everyone's mind today? What has caught your attention today? Or rather, what has demanded your attention today?

The Tata Group of course! Such a move hasn't come along in this group in the longest time. A post dedicated to this group is definitely the need of the hour.

The Tata Group is synonymous with Trust, Integrity, and Loyalty. There is a certain feel-good factor added to the group based on the people at the helm and their activities. While there is a place for everything, once you look at price action, nothing else matters.

That's the beauty of Technical Analysis I guess. It encompasses all possible pieces of information and presents to you a price level that reflects everything. Quite powerful, when you really think about it.

So here we are today, taking a look at a reputable conglomerate that has been making money for investors for years together!

Since there are so many constituents in this group, I don't think it qualifies to be a Solar System. I feel it's a whole Universe by itself.

So what do we like in this universe at the moment?

Let's take a look, shall we?

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.

The universe comprises several solar systems- big and small. Similarly, the market comprises several conglomerates- big and small. We're back with another such conglomerate that we'd like to look at today- Bajaj Group.

One of the oldest and most reputable conglomerates of India, the Bajaj Group has been instrumental in generating great returns for investors across the board over the years.

Let's take a look at what the charts have to say.

We created an equally weighted custom index of the Bajaj Group constituents. A big base breakout can be seen here as is the case with several charts in the market. The Bajaj Group seems to have moved out of a four-year base and looks good for another leg of the rally.

Click on chart to enlarge view.

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

The universe comprises several solar systems- big and small. Similarly, the market comprises of several conglomerates- big and small. One such conglomerate that we'd like to look at today is the Adani Group.

It is fit to call the Adani Group a solar system since there have been times in the past when these stocks have rallied despite a broader market correction. So where are these stocks headed and what is our view of the constituents of this group going forward?

Let's take a look at the charts.

We created an equally weighted custom index of the Adani Group constituents. It takes one cursory glance at this chart to see that this group has been on a tear since the dip in March 2020. With only minor corrections halting these stocks from time to time, the returns generated by this group have been handsome indeed.

Click on chart to enlarge view.