Buy Adani Enterprises above Rs 227; target Rs 241: IIFL
IIFL is bullish on Adani Enterprises and has recommended buying the stock above Rs 227 with a stop loss of Rs 220 and for a target price of Rs 241, in its May 07, 2013 research report.
IIFL is bullish on Adani Enterprises and has recommended buying the stock above Rs 227 with a stop loss of Rs 220 and for a target price of Rs 241, in its May 07, 2013 research report.
The report says, "Adani Enterprises has broken above critical resistance zone of Rs 223-224 (200-DMA) in Monday’s trading session. Such an up move also corroborate breakout from a rangebound movement which prevailed for almost two weeks. RSI movement is in line with price move provides an added signal of strength in the breakout and prices are expected to test levels of Rs 241 in the coming sessions which coincides with its 100-DMA. (Duration 5 days)."Bodies Corporate holding more than 50% in Indian cosDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. 
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