February 02, 2017
KTK Bank (NSE Cash)
117 - 118
14 - 21 Sessions
Source: Falcon (Time: 13:40 IST)
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
Thus, we advise traders to buy this stock at current levels and on declines up to
117 for a target of
coming 14 - 21 sessions. The stop loss for this trade set up can be kept at
Sameet J Chavan
022-3935 7600 Extn: 6552
February 02, 2017
Last 10 recommendations
CMP Target 1 Target 2 Stop-loss
780 - 786
156 - 158
381 - 384
118 - 119
865 - 871
248 - 250
217 - 219
Booked at 235
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552)
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