Is the bull run in Adani Group stocks over? Here's what charts suggest

If the stock of Adani Enterprises fails to hold the support of Rs 1,300 levels, it may slip to Rs 1,000-mark, translating into a downside of 23 per cent from the current levels, charts suggest

All six listed Adani Group companies were either locked in or were trading close to their lower circuit bands on the bourses on Monday, after National Securities Depository Ltd (NSDL) froze accounts of three foreign funds that own stake in four of these group companies.

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As per a notice on NSDL's website, accounts of Albula Investment Fund, Cresta Fund and APMS Investment Fund, which together own over Rs 43,500 crore worth of shares in four Adani Group companies, have been frozen "because of insufficient disclosure of information regarding beneficial ownership under the