Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
BUY ADANI ENTERPRISES
CMP: Rs 141.30
TARGET: Rs 153-158
STOP LOSS: Rs 130
The stock has been in consolidation for quite some time and now has given a bullish candle to indicate a breakout above the Rs 136. The RSI indicator also has given a positive trend reversal signaling a buy while also the MACD has made a positive trend reversal showing strength and has potential for still further up move. We recommend a buy in this stock for an upside target of Rs 153-