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Июнь
2024

Stock Radar: Adani Total Gas rallies 11% in May, breaks above Descending Triangle formation; time to buy?

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The stock rose from Rs 929 on April 30, 2024, to Rs 1,039 on May 31, 2024, which translates into an upside of 11.8% in a month. The stock quickly scaled Rs 1,100 levels in Monday's intraday trade. The momentum helped the stock break out from the Descending Triangle Formation on the daily chart. The breakout was confirmed with strong volumes, which is a positive sign for the bulls.



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