📉 ADANI ENTERPRISES | Short-Term View 📍CMP: ₹2,430 (-4.03% today)

📊 Technical Snapshot: 🔻 Breakdown Alert: Price has sharply broken below key moving averages (20 & 50 EMA) on strong volume. 📉 RSI plunged to 33.38, indicating weak momentum & possible continuation of downtrend. 📍Next key support at ₹2,360–2,380 (near April-May swing zone). 🔄 Resistance now flips to ₹2,520–2,550. 🔺 If price stabilizes above ₹2,460 with volume, only then short-term reversal chances rise. 🧾 Fundamental Trigger: Q1 Earnings Miss PAT fell ~50% YoY to ₹734 Cr (vs ₹1,458 Cr YoY) Revenue declined ~14% YoY to ₹22,437 Cr Coal trading—key revenue driver—saw ~27% drop in volume Management cited: Weak power demand Milder summer Lower realisations Green shoots in airports, roads, new energy segments were not enough to offset losses (Source: Reuters, Livemint) 🔍 Short-Term View (Next 5–7 sessions): 🔻 Bias: Weak bearish unless it reclaims ₹2,500+ 📉 Breakdown below ₹2,400 may open downside to ₹2,300–2,250 🧭 Best to avoid fresh longs until earnings dust settles & RSI recovers 💬 Earnings disappointment + technical weakness = Risk-off for now ✋ Caution advised near supports — wait for signs of strength or reversal