Buy Adani Enterprises, MCX and Asian Paints, says Prabhudas Liladher

Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:

BUY ADANI ENTERPRISES

CMP: Rs 132.25      

TARGET: Rs 155     

STOP LOSS: Rs 119

The stock has been consolidating around the levels of Rs 114-120 and now has given a pullback. We anticipate it to move further until it previous peak level of around Rs 155 breaks. The RSI is on the rise and the MACD indicator is also on the positive mode. With decent volume participation in recent days, we recommend a buy in this stock for an upside target of Rs 155 keeping a stop