Watch out for Adani Ent !!

After a handsome rally of close to 40% in less than a fortnight ( for obvious friendly news and announcements), the stock is currently trading very close to the upper limit of its 9 months uptrend channel. We have seen 2 big corrections from the upper channel bound in the past 9 months and in all likelihood, we should see another one here. Booking profits (if not done already) can be looked at and also creating new short can be a good proposition. Obviously with a strict SL (at close to 200)