Thursday, 4 December 2014

Adani Enterprises - Near term outlook (Update)




 Daily Chart 
 
Our Buy on Adani Enterprises was indicated around 440 on (4/12/14) reaches 570 final target (23/1/15) . 


Raju V Angadi

Equity Research Analyst


Learn simplified objective approach applying basic concepts of technical with some common sense to optimize your investment and trading decisions contact on:

 rvangadi@googlemail.com  (OR) +91 78291 55900

     

To swing your fortune higher join us and be ahead to track market turns ....

Disclaimer: This is just an view based on the research of individual for educational purpose. So kindly trade along with the consultation of your financial adviser, market trends, price action and own risk appetite considered while investing or trading in markets



·         Adani Enterprises is in the formation of 4th wave forming a symmetrical triangle near the end of the lower channel
·         The stock is also near its 200 – EMA 434 which can be crucial support zone

·         The counter can be accumulated on dips around 440 – 450 with stop loss of 425 for pattern targets of 490/550 - 570


Daily Chart

Raju V Angadi

Equity Research Analyst


Learn simplified objective approach applying basic concepts of technical with some common sense to optimize your investment and trading decisions contact on:

 rvangadi@googlemail.com  (OR) +91 78291 55900

     

To swing your fortune higher join us and be ahead to track market turns ....

Disclaimer: This is just an view based on the research of individual for educational purpose. So kindly trade along with the consultation of your financial adviser, market trends, price action and own risk appetite considered while investing or trading in markets





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