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Adani Group Stocks: The shares of companies listed in the stock market of Adani Group Chairman Gautam Adani may see a decline in the coming days. According to the technical indicator, which has predicted the decline in the shares of Adani Group in the last decade, Adani Group’s shares are showing signs of a change in trend. The technical indicator believes that the fall in the shares of Adani Enterprises, the holding company of the Adani Group in the recent past, may be further extended. The stock of Adani Enterprises has gained more than 100 percent in the last one year.
Technical indicator TD Sequential has said in its report that the shares of Adani Total Gas and Adani Port and Special Economic Zone have predicted a fall. According to the report, looking at the chart patterns of Adani Enterprises, Adani Total Gas and Adani Ports, it seems that all three may put a brake on the bullish trend. And profit-booking can be seen in the shares of these three companies. Earlier in 2015 and 2009 also TD Sequential had predicted a fall in the shares of Adani Group. In 2015, there was a big decline in the stock of Adani Ports.
The share of Adani Enterprises is trading at Rs 3270 with a gain of 3.65 percent. Let us tell you that the stock of Adani Enterprises has given multibagger returns to the investors in the last few years. The stock has seen a jump of 110 per cent in the last one year. Exactly a year ago the stock was trading at Rs 1571. At the same time, the stock has given multibagger returns of more than 1000 percent in two years. Adani Enterprises is the flagship company of the Adani Group. Adani Enterprises is the holding company of companies in which the Adani Group is expanding. Adani Total Gas is currently trading at Rs 3200 which was trading at Rs 1345 a year ago. Adani Ports is trading at 822 which was close to Rs 651 a year ago.
displayDeath: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)
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