Above Stocks
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Above Stocks is an Indian stock market update group. We provide our recommendations for educational purposes only. Consult ur financial advisor before performing any trades.
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24127 ๐Ÿ”ผ๐Ÿ•ฏ
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Japan's Index Made a bounce back from important Support. Good News
BREAKING: Bangladeshโ€™s prime minister has resigned.
Possibly,army rule is on the cards.

๐Ÿงถ๐ŸงตTextile sector on radar๐Ÿ‡ฎ๐Ÿ‡ณ
Welspun Living @ 174

Keep Watch
Flows in Cash Market on 05-Aug-2024, Monday

โฌ‡๏ธ FII net sold โ‚น10074 cr
โซDII net bought โ‚น9156 cr

Net ๐Ÿ”ป- 918 cr
RBI Keeps Rate Unchanged
Focus on Commentary Now
Nifty Bounce from the Support Zone ๐Ÿ˜
Rejection in Bank Nifty from ZONE
๐Ÿšจ Major Allegations Against Adani Group & SEBI ๐Ÿšจ

๐Ÿ“Œ Hindenburg Research has released a report accusing the Adani Group of running the "largest con in corporate history" ๐Ÿข๐Ÿ’ธ. They claim the group used offshore shell entities to manipulate stock prices and conduct undisclosed related-party transactions.

๐Ÿ“Œ The report also questions SEBI's (Indian market regulator) integrity, highlighting potential conflicts of interest involving SEBI Chairperson Madhabi Buch and her husband ๐Ÿ•ต๏ธโ€โ™€๏ธ๐Ÿ’ผ.

๐Ÿ“Œ Key impacts:

Adani Group stocks may see turbulence ๐Ÿ“‰.
SEBI under scrutiny for regulatory inaction and conflicts โš–๏ธ.
IIFL & Blackstone might face questions on their involvement ๐Ÿ“Š.

Stay tuned for more updates! ๐ŸŒ
In this new report, it is mainly focused about SEBI and Madhabi Buch.

Small jerk is expected in adani, but i think a huge setback can come for madhabi buch.

And most imp thing is, there are high chances brokers will again do 100% margin on adani group stock. Which will raise margin call and selling pressure.
SEBI will now Investigate SEBI about SEBI not properly conducting an investigation to be conducted by SEBI as per the rules specified by SEBI in documents prepared by SEBI to run SEBI properly by SEBI ๐Ÿคฃ
Nifty
Zone to Zone ๐Ÿ˜
UniEcom listed at โ‚น235 (+117%)

First cry listed at โ‚น651 (+40%)
Superb Bounce from Support Zone
Again Zone To Zone ๐Ÿ”ฅ๐Ÿ”ฅ
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Bank Nifty taking support of the ZONE
๐Ÿ“Š #SEPC LTD Analysis:
CMP : 22.87

Pattern: Rising Channel ๐Ÿ“ˆ
Volume: Big spike, strong buying interest ๐Ÿ“Š
Support: โ‚น18.00 - โ‚น18.50 ๐Ÿ›‘
Resistance: โ‚น23.00 - โ‚น23.20 ๐Ÿšซ
Watch: Breakout above โ‚น23.20 for bullish move or retrace to support.
Key levels are crucial; monitor closely! ๐Ÿ”
#ALLCARGO
All Cargo Logistics CMP 68.70

Breakout Alert ๐Ÿš€: The stock has broken out of a descending trendline, indicating a potential trend reversal from bearish to bullish.

Volume Spike ๐Ÿ”Š: Notice the significant increase in trading volume during the breakout, which adds strength to the breakout signal.

Resistance Zone ๐Ÿ’ก: The stock has also moved above a key resistance level around the โ‚น66-โ‚น67 mark, now potentially turning into a support level.

Bullish Momentum ๐Ÿ“ˆ: The strong green candles after the breakout suggest that bulls are in control, and the stock may continue its upward movement.

Watch for Pullbacks ๐Ÿ‘€: After a breakout, itโ€™s common to see a pullback to test the new support. Keep an eye on how the stock behaves around the โ‚น66 level.