April 11, 2017
Ambuja Cements (NSE Cash)
BUY
` 235
` 244 - 246
` 263
14 - 21 sessions
Daily Chart
Source: Falcon (Time: 10.35 IST)
Justification:
Recently, we witnessed a decent up move in most of the ‘Cement’ counters amongst which ‘Ambuja Cements’ has been a
steady mover. Due to last week’s rally, the stock prices confirmed a breakout from the recent hurdle of 241 on a closing
basis. The volume activity too picked up substantially in the recent up move. In addition, the ‘RSI-Smoothened’ has
crossed the 70 mark in the northward direction, which we believe would provide the impetus for the extension of the
ongoing optimism. Considering the ‘Higher Top Higher Bottom’ formation on weekly chart, we expect the stock to give a
decent up move in the near term. Thus, we advise traders to buy this stock at current levels to a decline up to `244
for a target of `263 over the next 14 to 21 sessions. The stop loss should be fixed at `235.
Sameet Chavan
022-3935 7600 Extn: 6552
[email protected]
1
April 11, 2017
Last 14 recommendations
Buying/Selling
Date
Stocks
Recom.
CMP Target 1 Target 2 Stop-loss
Status
Range
06-04-17
Tata Elexi
BUY
1550 - 1560
1593
1700
-
1480
Active
05-04-17
Canara Bank
BUY
306 - 309
313
330
-
297
Active
05-04-17
Pidilite
BUY
714 - 718
708
760
-
694
Active
03-04-17
Jain Irrigation
BUY
97 - 98
102
108
-
92
Active
03-04-17
SAIL
BUY
62.75-63.25
65
71
-
59
Active
03-04-17
M&M
BUY
1290 - 1300
1272
1378
-
1254
Active
22-03-17
HCL Infosystem
BUY
54-54.50
58
63
-
50
Active
16-03-17
SRF
BUY
1605-1615
1632
1725
-
1550
Active
16-03-17
Tata Global
BUY
144-145
-
158
-
138
Booked Profits at 152.50
10-03-17
ICICI Bank
BUY
269-271
281
298
-
254.50
Active
06-03-17
Bajaj Auto
BUY
2840 - 2855
2821
3030
-
2748
Active
27-02-17
Wockhardt
BUY
725 - 732
764
808
-
688
Active
20-02-17
PNB
BUY
140 - 141
-
155
-
132.75
Target Achieved
09-02-17
PTC Ind
BUY
88 - 89
96
106
-
80
Active
Source: Angel Research
Research Team Tel: 022 - 4000 3600
Website: www.angelbroking.com
Email: [email protected]
DISCLAIMER
Angel Broking Private Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited,
Bombay Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL
and Portfolio Manager with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking Private Limited is a
registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration number
INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing
/dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed or co-managed public
offering of securities of the company covered by Analyst during the past twelve months.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate
the contrary view, if any.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Pvt. Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this
report. Angel Broking Pvt. Limited has not independently verified all the information contained within this document. Accordingly, we
cannot testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this
document. While Angel Broking Pvt. Limited endeavors to update on a reasonable basis the information discussed in this material,
there may be regulatory, compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Pvt. Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from
or in connection with the use of this information.
2