January 19, 2017
Aban Offshore (NSE Cash)
BUY
` 235
` 248 - 250
` 276
14 - 21 Sessions
Daily Chart
Source: Falcon (Time: 14:00 IST)
Justification:
The volatile price movement in the stock since the month of October has led to formation of a ‘Symmetrical Triangular’
pattern on the daily chart. As seen in the exhibit, the prices are on the verge of breakout from the mentioned pattern.
The recent price move from 27th of December also resembles a ‘Flag’ pattern on the daily chart. The ‘RSI’ oscillator too
is showing a positive momentum and the ‘Parabolic SAR’ indicator is in ‘BUY’ mode. Hence, we are anticipating a
breakout and a sustained upmove in the stock in near term. Thus, we advise traders to buy this stock at current levels
and on declines to `248 for a target of `276 in coming 14 - 21 sessions. The stop loss for this trade set up can be kept
at `235.
Ruchit Jain
022-3935 7600 Extn: 6554
[email protected]
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January 19, 2017
Last 11 recommendations
Buying/Selling
Date
Stocks
Recom.
CMP Target 1 Target 2 Stop-loss
Status
Range
19-01-17
Torrent Power
BUY
191-192.50
195
206
-
184
Active
19-01-17
Ambuja Cement
BUY
217 - 219
219
238
-
208
Active
17-01-17
Rel Capital
BUY
457 - 461
466
490
-
444.50
Active
16-01-17
IDFC
BUY
58 - 58.50
59
66
-
54.40
Active
16-01-17
DLF
BUY
127 - 128.25
132
139
-
122
Active
12-01-17
Tata Comm
BUY
652 - 656
693
723
-
623
Active
10-01-17
Apollo Tyres
BUY
190 - 192
186
207
-
184.50
Active
06-01-17
Motherson Sumi
BUY
331-334
327
364
-
318
Active
06-01-17
Fortis Healthcare
BUY
192 - 195.50
188
220
-
182
Active
04-01-17
TVS Motor
BUY
372-375
387
400
-
359
Revise SL to 374
02-01-17
GAIL
BUY
433 - 437
458
470
-
418
Revised SL to 435
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552)
Website: www.angelbroking.com
Email: [email protected]
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