AdaniIndex

Let's see what's there in store for Adani Index, yes yes, I know there is no such index but this a composite index - basically a tradingview feature where you can see a composite index / composite price of different stocks all together and see how they are performing.

This composite index consist of stocks

ADANIPORTS
ADANIENT
AWL
ADANIGREEN
ADANIPOWER
ADANITRANS
ATGL

This composite index gave a rounding bottom breakout in Aug'22 and then achieved its pattern target in with in one month i.e. Sept 22. Since then it is making LH, LL although today's bottom is currently on long term trendline support and also 200 ema on dtf but still overall price action is looking weak for now.
Price is also forming a symmetrical triangle formation and is compressing, so any breakout either side will be a deciding factor in Adani Composite index going forward.

Commentaire:

Looks like its ready for getting pumped ..