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Thursday, August 7, 2014

7-8-2014 - ADANIENT



            ADANIENT has closed at 464.95. This stock has given a small breakout kind of movement. This stock is in a good uptrend. This up move has been started since October 2013. Past 4 months, this stock is consolidating. Today’s move could be
one of the breakout continuing moves. We have to take a chance to trade this small breakout. One can initiate a long position in this stock, if it sustains and trades above today’s high, i.e. 468.85. One can watch for the possible targets like 482 and 496. A closing basis Stop Loss must be kept at 450.



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