Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
18 September, 2014 05:06 IST
News
'Sell' Adani Ent on rallies to Rs 280 for target of Rs 240: Rahul Randeria
Source: IRIS (21-DEC-12)
Comments  |  Post Comment

Traders can sell Adani Enterprises on rallies to Rs 280 for a target of Rs 240 with a strict stop loss placed above Rs 296 from perspective of 4-5 weeks, said Rahul Randeria, technical analyst, IDBI Capital.

"Yesterday, Adani Ent has formed an Engulfing Bearish Candle on the daily charts. The stock has retraced 23.6% of its major downfall. The stock is overbought and profit booking could emerge from these levels. On the oscillator's front; RSI & MACD have indicated a negative crossover on the daily charts,'' said Randeria.

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.


News
Blackrock sells nearly 1% stake in Yes Bank - 17-Sep-2014 19:34
IFCI CMD presents Rs 923 mn dividend cheque to Finance Minister - 17-Sep-2014 19:34
Sun Pharma, Merck ink licensing pact for Tildrakizumab - 17-Sep-2014 19:02
Moser Baer Solar emerges as India's largest solar EPC player - 17-Sep-2014 17:25
Sutlej Textiles announces expansion of fabric division - 17-Sep-2014 16:48
CRISIL reaffirms `AAA/Stable/A1+`on ACC bank facilities - 17-Sep-2014 14:40
NIIT inks strategic partnership with EC-Council - 17-Sep-2014 14:27
'Buy' JMC Projects; target Rs 181: Firstcall Research - 17-Sep-2014 14:11
Hindustan Zinc board declares 95% interim dividend - 17-Sep-2014 13:57
Cupid bags export order worth Rs 24 mn - 17-Sep-2014 13:53
Cairn India announces 3 new oil discoveries in Rajasthan block - 17-Sep-2014 13:53
more...
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type   f6ssk6 into this box
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Forums  |   E-mail  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer