Hello Friends,
Today's Stock Pick : ADANI ENTERPRISES LTD.
The Stock is Trading Very Range Bound since the Seperation of Unit and Lost the fancy. For me Good Accumulation is going on by big investors and we might see a turnaround story very soon.. May be the stock will start moving for Traders and Investors..
Let's See the Chart
as per the chart, Stock is moving in a Triangle Formation and simultaneously created a Inverse Head and Shoulder Pattern supporting potential upside.
Price is trying to breakout above the Falling Trendline and it will ultimately support the Inverted Head and Shoulder Breakout, Targeting atleast 30 Rs. upside in the stock according to the current price of 83, it will be an upside of nearly 40% from current price.
Recommendation :
BUY AND ACCUMULATE ADANI ENTERPRISES LTD. in the Range of 80-82 with a Stoploss of around 76 and a Take Profit of 90 - 104 - 112 - 120+
Whatever News or Fundamentals do, For me 6 Rs. Risk in this Stock is good for Potential upside and Stoploss may be trailed later..
These are all Technical Views which are based on Daily Charts, indicating any price movement towards the Targets will take time and it is not expected to move in a Single day. So Do not enter with speculative bets in the trade. These recommendations are purely for Investment purpose.
Follow Strict Risk Management Before Entering the Trades and Consult your Investment Adviser for guidelines. "Do not jump in the trade" without considering the risk.
Enjoy Trading, Trade Safe, Trade Wisely !!
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Disclaimer :
The Analyst May or May not have trading positions or Investments in suggested Instrument, The Trade is Long Term and the Analyst may recommend the trade to his clients time to time for short term trading. short term reversal trades May be advised in this duration and it will be according to the charts.
The Analyst is a SEBI Certified Investment Adviser and Global Market Expert having Vast experience of Financial Markets in India and Across the Globe. Running Analysis Services and Advisory since Last 6 years for clients across the world in Stock Markets, Forex, and Commodities.
Contact Details ::
WhatsApp & Telegram +91 8275 298 208 / Email : 4x.magician@gmail.com
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