I see 3 scenarios for Adani Enterprises....Keep in mind that most Adani stocks are heavily shorted by those with vested interests.....They are growing exponentially and that has ruffled many feathers locally and abroad. Fundamentally a great stock.....Technically the price looks weak.....Seriously nobody can grow in India without being accused of something or the other. In any case, the 3rd scenario where it goes to 250 levels is highly unlikely barring some black swan event. I'm buying here, with multiple sell order till ATH and beyond....Invest at your own risk....There are those that hate seeing Adani or any other Indian brand grow.....There are enemies at home too.....
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.