ADANI ENTERPRISES
- As per previous report published on Adani Enterprises, stock had shown sharp intraday move after breaking its trend line resistance @ 506, and after that stock touched it next resistance around 514, as mentioned in our previous report. (Click here to see previous report published on ADANI ENTERPRISES).
- As per current technical charts stock has now come out from its down channel formation and finding strong trend line resistance around 515, chart indicates once stock closes and holds above 515 then stock looking bullish for next few trading days. Till then Adani will zig zag with no clear direction.
- Suggested Article - Nse Holidays 2014.
- Intraday Trading Tips - Close watch once Adani Enter. starts trading above 515 during market hours, if holds above with volume then can see some day trading action.
- As per graph no2, once stock closes above 515 then looks bullish, if moves up then with find next trend line resistance around 585 its previous top.
- Suggested Reading - JET AIRWAYS facing strong trend line support at current levels, weakness expecting once closes below.
- As per graph no3, Adani is moving above 20 days moving average this indicates it will favor bulls, as long as holds above bulls will remain active. But once stock closes below 20 DMA then stock will show first sign of weakness. Close Watch.
- Click here to see all the free trading reports (tips) published by us on ADANI ENTERPRISES.
- Day Trading Tips India.
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