February 28, 2017
KSCL (NSE Cash)
474 - 478
14 - 21 sessions
Source: Falcon (Time: 10:34 IST)
Looking at the broader degree chart structure, it seems that the stock had undergone a strong corrective phase and has
been in a process of forming a strong base since last twelve months. Last month, we witnessed a confirmation of ‘Higher
Top Higher Bottom’ structure, indicating change of trend on monthly chart. Now, the daily chart depicts a formation of
‘Bullish Pennant’ and the stock is on the verge of giving a breakout from the same. In addition, the ‘RSI-smoothened’ has
turned upwards from the 50 mark along with a positive crossover, providing credence to the price development.
we advise traders to buy this stock at current levels to a decline up to
474 for a target of
529 over the next 14 to
21 sessions. The stop loss should be fixed at
022-3935 7600 Extn: 6552
February 28, 2017
Last 12 recommendations
CMP Target 1 Target 2 Stop-loss
26.80 - 27.20
725 - 732
861 - 867
91.50 - 92.50
Booked Profit at 158
140 - 141
1190 - 1200
346 - 349
88 - 89
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552)
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