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Buy HPCL, Arvind and Adani Enterprises, says Vaishali Parekh

Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher

market flat, sensex, bse, nse, nifty, stock
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market flat, sensex, bse, nse, nifty, stock

Vaishali Parekh Mumbai
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-

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