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Adani Enterprises Limited (AEL) is the flagship company of the Adani Group, one of India’s largest business organisations. Over the years, Adani Enterprises has focused on building stellar infrastructural assets contributing to nation-building. Having successfully built unicorns like Adani Transmission, Adani Power, Adani Ports & SEZ, Adani Green Energy and Adani Total Gas, the company has contributed significantly to make the country self-reliant.
Company | ADANIENT |
Recommendation | Accumulate (Rs.1525- Rs.1540) |
SL | Rs.1420 |
Target Price | Rs.1660-Rs.1720 |
CMP | Rs.1547.9 |
Time Horizon | 2-4 Weeks |
The long term trend of the stock is up. The stock entered a brief period of consolidation. The stock has now taken support from its 50 day EMA and started moving up. The stock has also given a trend line breakout on the daily chart. Increase in volume and positive diversion from oscillator indicate that it can move higher from current levels so one can accumulate the stock between (Rs 1525-1540) With a stop loss of Rs. 1420 on closing basis and respected target seems Rs 1660-1720. Time frame should be 2-4 week.
Source: Capitaline Database, EWL Research, Company
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