Adani Enterprises is in strong uptrend. Though fundamentals suggest this stock is overbought, technically it looks like it is in consolidation from a few days, and following a channel pattern in consolidation. It may happen that it will come down some more and then it can take support.
Now, it may happen that consolidation will continue for a few more days, but it will bounce back after touching the lower end fo the consolidation channel.
Now, it may happen that consolidation will continue for a few more days, but it will bounce back after touching the lower end fo the consolidation channel.
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