ADANI is close to bounce back from the channel and break consoli

Adani Enterprises is in strong uptrend. Though fundamentals suggest this stock is overbought, technically it looks like it is in consolidation from a few days, and following a channel pattern in consolidation. It may happen that it will come down some more and then it can take support.

Now, it may happen that consolidation will continue for a few more days, but it will bounce back after touching the lower end fo the consolidation channel.