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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