Dear Traders and Investors,
Hindenburg has again published some claims about Adani Group and SEBI Chief. So, is this going to impact the Adani Group of Stocks and the Indian Market? Shall we take short positions?
I decided to check the charts using #priceaction analysis to get the answer.
The Market or any Stock do not fall or change its trend until it creates a reversal signal. In the charts of #adanient, #adaniports and #adanigreen there are no reversal signal. Moreover these charts are making Elliot’s 3rd Wave and hence should go up further with occasional small corrections.
Therefore, it is not advised to sell off these stocks, rather holding them for Long Term will fetch Good Returns. Expect Market to remain a little volatile this Week before starting to move up again.
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