ADANI ENTERPRISES ~ JAN 2018

In Last 27 trading sessions Adani Enterprise has given return over 33% (from closing on 18/12/2017 to 25/01/2018) 

Let's have look at weekly chart. 

After Corporate Adjustment in June 2015 stock is trading at record high levels. 

Further we can see that stock is forming Channel Pattern on weekly chart and target as per this pattern comes around 275+ levels which is about 28% upside from last close. Strict stop-loss for this trade should be followed at 182 levels on closing basis.  

Further on short term (for next 8-12 weeks) if stock clears 215 then next resistance levels are 224-232-260 levels. 

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Please note this blog post is for education purpose only. While utmost care is taken while writing this post but any human error cant be ruled out and we apologize for same in advance.