ADANI 50% retracing Completed
ADANI had comp9leted it's 50 % retracement . 9 DSMA is also placed at 50 % retracement level. Also it had broken 20 DEMA support. News about adani inquiry in US also support short.
Price to book value is 6 times pe is 81 times. At this high valuation and where inquiry pending against company makes it vurnable to price correction.
Price to book value is 6 times pe is 81 times. At this high valuation and where inquiry pending against company makes it vurnable to price correction.
Disclaimer
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.