Adani Ent : Stock has fallen drastically in last one week from 286 to 243 which is almost 15% .Stock is looking weak on daily as well as weekly charts however candle formed in Friday trade indicates a small bounce before further decline.Stock can test 237-32-25 to 210-200 in coming weeks below 245-42.However on Monday we expect a positive opening & stock can test 260-67 above 250 which will provide an opportunity for fresh shorts with strict stoploss of 272.
Mcleod Russel: Stock is looking good on weekly charts however on daily charts stock is looking weak on daily charts. Stock has good support around 300-297 below that we can see 290-80 which can be a good opportunity for fresh longs however above 300 stock can test 308-10 to 320-25.
Tata Motors Stock looking good for 387-95 above 374. stock has formed double bottom on daily charts which is a bullish indicator.Stoploss can be 364.
Hindalco : Stock added fresh shorts in Friday trade.Sell more below 118 for targets of 112 & below.Only a close above 121 can change this downtrend.
UBL Stock is looking good on weekly charts for short to medium term targets of 860-80 to 925 above 820.support@788,
