ADANI Stocks Riding the High: What's Fueling the Surge Today?

[PrasiddhShroff]

SEBI & SC giving a hard time to Adani Haters

SEBI assured the Supreme Court they're not dragging their feet, having wrapped up 22 out of 24 Adani cases. The remaining 2 just need some intel from foreign regulators. Solicitor General Tushar Mehta hinted at possible further investigations based on new info.

Despite concerns about market volatility from short-selling, the Supreme Court backed SEBI, rejecting claims of an inadequate investigation. They emphasized that probes can't solely rely on media reports.

The court brushed off the Hindenburg report, refusing it as evidence and denying a probe into major financial institutions. Post this, Adani group stocks like Adani Enterprises, Adani Power, and Adani Total Gas all saw over 6% intraday gains, joining the celebration.

Our Technical charts expert @Brijesh-Bhatia says he might have identified a potential emerging trend @Brijesh Bhatia said in Emerging Trend on Adani Stocks – Says our Exclusive Indicator:

Adani Group stocks as they surge with bullish momentum, triggered by the recent Supreme Court development in the Adani-Hindenburg case. As of 10:00 am, Adani Stocks dominates the Top 10 gainers for the day, showcasing a promising start.

Source: Rzone, TradePoint

Our Leading Indicators Says.....
Our cutting-edge proprietary indicator, the Adaptive RSI, points towards a renewed bullish wave across most Adani Stocks. Exclusively available to our Definedge clients in the indicator section, this tool sets the stage for informed investment decisions. Signup here for Definedge Securities

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Let's dissect the charts of Adani Enterprises (top left), Adani Ports (top right), Adani Green (bottom left), and ATGL (bottom right).

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The ARSI isn't your typical indicator – it factors in both momentum and volatility in its calculations. A bullish crossover coupled with widening indicates the emergence of a strong bullish trend, and it's unfolding in Adani Group stocks. Seize this opportunity, as highlighted by our distinctive indicator.

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Note: We are highlighting the emerging trend, as signalled by the indicator, and this should not be considered as a recommendation.