Adani Enterprises512599Diversified conglomerate
Adani Enterprises rose about 4.5% on a results-driven rally, but analyst sees a medium-term downtrend and advises avoiding the stock despite a possible short-term pullback
By ScoutQuest · · 1 min read
- Stock move today
- 4.5 percent
- Prior high
- 3,200
- Resistance level
- 2,740
Heard on business television between 12:38:42 - 12:41:42 IST.
- Adani Enterprises was up about 4.5% following Adani group results.
- Rupesh Solanki said the stock is in a medium-term downtrend, declining consistently from highs of 3,200.
- He said the stock may face strong resistance near its prior swing high of 2,740.
- He suggested a short-term pullback trade for one to two days but advised avoiding the stock for the medium term.
- Anchor disclosed Live TV News Channel is a subsidiary of AMG Media Networks, an Adani group company.
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Source: Live TV News Channel · 29 Oct 2026
The call above is Rupesh Solanki's, reported here as they made it. Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.