ADANIENT

- Bearish Crossover

continues to witness corrective pressure after a bearish crossover of the 20 and 50-period moving averages, indicating weakening short-term momentum. The stock is trading below both moving averages, keeping the near-term trend negative. Immediate support is placed near recent swing lows, while the 20- and 50-period moving averages will act as the first resistance zone. A move back above these averages would be the first sign of improving strength.