September 02, 2016
Just Dial (NSE Cash)
BUY
` 444
` 475 - 479
` 549
2 Months
Daily Chart
Source: Falcon (Chart Time: 10.50 IST)
Justification:
Clearly this has been an underperformer over the past two years as we witnessed massive price erosion after
hitting its new all-time high of `1887.62 during the month of August 2014. Now, since last three weeks, we
have been observing halt in the recent corrective move and thus, three consecutive narrow range candles are
clearly visible on weekly chart. On the lower time frame (daily) chart, the stock is showing some early signs of a
near term bounce. The rising volume activity provides credence to this opinion. In addition, the ’Parabolic SAR’
and ‘RSI-Smoothened’ are positively poised. We advise traders to buy the stock at current levels and on a
correction up to `475 for a target of `549 in next 2 months. The stop loss for the trade set-up can be kept at
`444.
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September 02, 2016
Last 9 recommendations
Date
Stocks
Recom. Buying/Selling Range
CMP Target 1
Target 2
Stop-loss
Status
02-09-16
Ceat
BUY
920 - 915
948
1010
-
867
Active
01-09-16
Coal India
BUY
334 - 337
333
370
-
320
Active
30-08-16
SunPharma
BUY
765 - 761
782
818
-
733
Active
29-08-16
ICICI Bank
BUY
251 - 249
262
272
-
239
Active
24-08-16
Bharti Infratel
BUY
348 - 345
-
369
-
336
Exited at 347
22-08-16
Jain Irrigation
BUY
81 - 80
88.50
98
-
71
Active
18-08-16
NMDC
BUY
106.50-105
108
121
-
98
Active
17-08-16
Titan
BUY
409 - 405
420
443
-
389.50
Active
05-08-16
BHEL
BUY
138 - 137
136
153
-
131
Active
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552) Website: www.angelbroking.com Email: [email protected]
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