Adani Total Gas Shares Fall Sharply, Doubts Emerge Over Stock Holding Rs 1000 Mark  

The shares of Adani Total Gas witnessed a significant decline over the past two trading sessions, dropping around 15% from its recent highs.

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This has led to concerns whether the stock can now defend the key Rs 1000 level going forward.

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Both the BSE and NSE have also placed Adani Total Gas under their additional surveillance framework amid high volatility in its counters.

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Technical indicators are also painting a cautious picture, with the stock now below its short-term simple moving averages.

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Multiple brokers have turned bearish on the counter and see downside risks emerging.

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Resistance is seen around Rs 1100-1185 zones, while support is pegged at Rs 975.

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