Tuesday, 7 May 2013

Chart Update : Adani Enterprise

Adani Enterprise Chart:

Adani Enterprise has given breakout to symmetrical triangle. Today share has closed above down trending (dotted blue) line. Daily & Weekly trend is firmly up. 

On the downside 
  • Trend line support at 227 
  • 5 day high ema at 228 
  • 5 week high ema at 228.5
So it can be concluded that 227-228.5 is strong support zone. If share retrace back in this zone one can consider buying it for target of 245, 260 and 280 with small sl. Below 221 bears will once again rule the counter. 

So plan your trade accordingly.

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Happy Trading. 

All the views and contents mentioned in this blog are merely for educational purposes and are not recommendations or tips offered to any person(s) with respect to the purchase or sale of the stocks / futures. I do not accept any liability/loss accruing from the use of any content from this blog. All readers of this blog must rely on their own discretion and neither any analyst nor any publisher shall be responsible for the outcome.

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