August 22, 2017
Bharat Financial (NSE Cash)
BUY
` 827
` 853 - 862
` 920
14 - 21 sessions
Daily Chart
Source: Falcon (Time: 11.25 IST)
Justification:
As seen in the exhibit, the prices have recently given a breakout from a trendline resistance. In the recent past, the upmoves in
the stock has been supported by good volumes. The price structure on the weekly chart too is positive and hence, we expect
the stock to continue its outperformance in near term. The ‘RSI’ Smoothened’ oscillator on the daily as well as weekly chart is
indicating a positive momentum. Thus, we recommend buying this stock at current levels and on corrections up to `853
for a target of `920 over the next 14 - 21 sessions. The stop loss should be fixed at `827.
Ruchit Jain
022-3935 7600 Extn: 6554
ruchit.jain @angelbroking.com
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August 22, 2017
Last 12 recommendations
Buying/Selling
Date
Stocks
Recom.
CMP Target 1 Target 2 Stop-loss
Status
Range
08-08-17
Vakrangee
BUY
463 - 467
-
514
-
441
SL Triggered
07-08-17
ARVIND
BUY
376 - 379
-
412
-
359.50
SL Triggered
04-08-17
Tata MTRDVR
SELL
256 - 258
-
237
-
267.55
Booked Profit at 242.70
03-08-17
Havells
BUY
481 - 485
-
520
-
465
SL Triggered
02-08-17
Can Fin Home
SELL
3050 - 3065
-
2850
-
3160
Booked Profit at 2920
31-07-17
RADICO
BUY
141 - 143
-
159
-
132
Booked Profit at 146.30
27-07-17
BHARATFIN
BUY
808 - 814
-
884
-
780
SL Triggered
21-07-17
Karnataka bank
SELL
154.75 - 156
-
143
-
161
Booked Profit at 143
21-07-17
Manappuram Fin
BUY
104.50 - 105.50
-
119
-
97
Sl Triggered
21-07-17
Bata India
BUY
583 - 587
-
626
-
564
Target Achieved
12-07-17
MGL
BUY
1000 - 1009
-
1075
-
968
Booked Profit at 1044
07-07-17
DELTACORP
BUY
167 - 168.50
-
190
-
156
Exited at 170.60
Source: Angel Research
Research Team Tel: 022 - 4000 3600
Website: www.angelbroking.com
Email: [email protected]
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