As losses continue to mount higher every day, a 106-page-long report by American short-seller Hindenburg Research has left a $100-billion-deep hole in the pockets of investors in Adani stocks.
In the last six trading days, ever since the whistle-blower’s report was released last Wednesday, the market capitalisation of all 10 Adani Group companies has so far lost 43% which translates into a loss of Rs 8.3 lakh crore or around $100 billion.
The market cap of Adani stocks has reduced from Rs 19.2 lakh crore before the short-seller’s attack to Rs 10.89 lakh crore this morning.
Below are important Support levels for Adani Stocks
Adani Total Gas
Strong Support at 1692
Fresh Long Above 1723 can see fast rally towards 1970/2233/2513
Fresh Shorts below 1279 for a move towards 1082/901
Strong Support at 1399/1184
Strong Support at 924
Fresh Long Above 465 can see fast rally towards 557/634
Fresh Shorts below 418 for a move towards 356/298
Fresh Long Above 372 can see fast rally towards 436/504
Fresh Shorts below 314 for a move towards 260/212
Strong Support at 356
Fresh Long Above 1849 can see fast rally towards 1988/2131
Fresh Shorts below 1716 for a move towards 1587/1464