Long Term Stock Tips for Sensex/Nse : Adani Enterprises (Rs.259)

Sizzling Stocks: Adani Enterprises (Rs.259.3)

The stock's 7 per cent gain on Friday pushed its weekly gains to 12
per cent. After registering a 52-week low on May 18 at Rs 222, the
stock started to move higher. This up move is
triggered by a positive divergence in the daily and weekly moving
average convergence divergence indicator. Nevertheless, the stock is
facing significant long-term resistance at
Rs 270.

The stock's long and medium-term trends are down. A strong
breakthrough of Rs 270 will push the stock higher to Rs 300 and then
to Rs.320 in the forthcoming weeks. Important resistances above Rs 320
are at Rs 350 and Rs.368. A strong move above Rs 368 will alter the
stock's medium-term downtrend and push it higher to Rs 400 and to Rs
450. Conclusive
weekly close above Rs 520 is needed to change the stock's long-term
outlook to positive.

On the downside, a fall below Rs 222 will reinforce the stock's
downtrend and pave the way for a decline to Rs 200 and then to Rs 186
in the medium-term.

STOCK TIPS : YOGANAND D,
www.businessline.in

HOT OFFER 4 U :
Stock Books/Magazines at 50'/. Discount @ www.j.mp/infimag AND www.j.mp/fkbook

--
Visit: *40% DISCOUNT ON MOBILES / BOOKS / GADGET FROM
FLIPKART.COM<http://j.mp/fkart>
*

* CLICK 2 EARN MONEY FROM YOUR MOBILE PHONE <http://j.mp/satcash>*

* HOT DEALS FROM SNAPDEAL 4 U <http://j.mp/satsnap>*

* ALL DEALS IN ONE PLACE 4
U<http://dl.dropbox.com/u/35832840/hot-deals.html>
*