February 01, 2017
Mcleod Russel (NSE Cash)
14 - 21 Sessions
Source: Falcon (Time: 13.15 IST)
Post registering a low around its support of
140, the stock prices have retraced higher in last one month. During this
upmove, the prices have formed a ‘Higher Top Higher Bottom’ structure on lower time frame charts. The ‘RSI’
oscillator, which was resisting around the 50 mark during the corrective phase, is comfortably above the resistance
mark. The volumes during the recent upmove are also higher in comparison to that seen during the recent correction.
Considering these technical evidences, we are expecting continuation of the ongoing upmove in near term.
advise traders to buy this stock at current levels and on declines to
156 for a target of
170 in coming 14 - 21
sessions. The stop loss for this trade set up can be kept at
022-3935 7600 Extn: 6554
February 01, 2017
Last 7 recommendations
Recom. Buying/Selling Range CMP Target 1
381 - 384
118 - 119
865 - 871
248 - 250
217 - 219
Revised SL to 223
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552)
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