Analyst recommended shorting Adani Enterprises citing distribution pattern at higher levels

Tue 29 Sep 2026

Hurdle zone

3,100 to 3,200

Closing level

2,831

Target

2,700

Stop loss

2,900

Heard on Live TV News Channel between 08:50:39 - 08:51:54 IST.

• Said the stock showed a distribution pattern at higher levels with 3,100-3,200 acting as a strong hurdle.
• Noted the stock reacted down from higher levels, closing around 2,831.
• Recommended selling at current levels with immediate target around 2,700 and stop loss at 2,900.

The call above is Nagraj Shetty'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.