February 02, 2017
KTK Bank (NSE Cash)
BUY
` 112.25
` 117 - 118
` 129
14 - 21 Sessions
Daily Chart
Source: Falcon (Time: 13:40 IST)
Justification:
After seeing a massive rally in the first half of FY2016-17, the stock prices slipped into a long a consolidation mode.
Recently, on several occasions, the ‘200-day SMA’ provided a rock solid support for the stock and now after 5 - 6 days
of consolidation, we are seeing early signs of strength. The stock prices have formed a near term base around ’89 EMA’
and has now confirmed a breakout on hourly chart. The volume activity is so encouraging; indicating a decent up move
in the near term. Looking at the strong monthly price structure, the stock is likely to resume its higher degree trend
soon. Thus, we advise traders to buy this stock at current levels and on declines up to `117 for a target of `129 in
coming 14 - 21 sessions. The stop loss for this trade set up can be kept at `112.25.
Sameet J Chavan
022-3935 7600 Extn: 6552
[email protected]
1
February 02, 2017
Last 10 recommendations
Buying/Selling
Date
Stocks
Recom.
CMP Target 1 Target 2 Stop-loss
Status
Range
02-02-17
Berger Paints
BUY
219-221
221
242
-
209
Active
02-02-17
Axis Bank
BUY
482-486
485
532
-
459
Active
02-02-17
IBulHSG
BUY
780 - 786
785
860
-
744
Active
01-02-17
Mcleod Russel
BUY
156 - 158
164
170
-
151
Active
27-01-17
Petronet
BUY
381 - 384
388
415
-
366
Active
24-01-17
Heidelberg Cement
BUY
118 - 119
131
134
-
110
Active
20-01-17
Jubl Food
BUY
865 - 871
924
945
-
828
Active
19-01-17
Aban Offshore
BUY
248 - 250
249
276
-
235
Active
19-01-17
Torrent Power
BUY
191-192.50
198
206
-
184
Active
19-01-17
Ambuja Cement
BUY
217 - 219
-
238
-
208
Booked at 235
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552)
Website: www.angelbroking.com
Email: [email protected]
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