September 04, 2017
Equitas (NSE Cash)
BUY
` 163
` 169-171
` 185
14 - 21 sessions
Daily Chart
Source: Falcon (Time: 09.40 IST)
Justification:
During last week, the prices gave a breakout from the ‘Falling Trendline’ resistance on the daily chart. The breakout in price has
been supported by good volumes which is a positive sign. The prices have corrected marginally on Friday and are now trading
near last week’s breakout zone. We interpret this as a pullback move post breakout which should be used as a buying
opportunity. In anticipation of a short-term uptrend, we recommend buying this stock at current levels and on corrections
up to `169 for a target of `185 over the next 14 - 21 sessions. The stop loss should be fixed at `163.
Ruchit Jain
022-3935 7600 Extn: 6554
[email protected]
1
September 04, 2017
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Source: Angel Research
Research Team Tel: 022 - 4000 3600
Website: www.angelbroking.com
Email: [email protected]
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