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.
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