Sell Adani Enterprises, says Madhumita Ghosh

Sell Adani Enterprises, says Madhumita Ghosh of UNICON

Ghosh told CNBC-TV18, "Sell Adani Enterprises one lot from the current futures at around Rs 460 levels with a stop loss of Rs 468 and the target price of Rs 440. Here we see downtrend based on that its price is below all the moving averages. The weekly stochastic shows a downtrend and the daily charts there is wedge formation, so we expect it to touch again the low of Rs 440."