BUY Adani Enterprises Limited | Target: Rs 1,240 | Stop loss: Rs 1,050
ADANIENT is in a secular uptrend, trading in a cycle of higher highs and higher bottoms, indicating inherent strength in the overall counter. On the daily time frame, the stock has rebounded from its 21-DEMA, and sustaining above this, is expected to march with the same tandem. Also, the mean of the Bollinger band has historically proven strong support for the counter making it a favourable risk-reward ratio for a short-term duration.
BUY Sequent Scientific Limited | Target: Rs 274 | Stop loss: Rs 232
SEQUENT has seen some minor