Adani Enterprise just pure technical analysis

Adani Enterprise just pure technical analysis

  • broke the 200 day moving average on large volume
  • lot of news flow with some allegations by Hindenburg short seller with some issues around float/holding structure and pending follow-on-public offer
  • Most likely previous support will become resistance, and trend broken?


Keeping this to technical analysis for the time being
* Shows important questions around corporate governance in emerging markets
* Holding structure and what's true float?
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