July 28, 2016
Britannia (NSE Cash)
BUY
` 2780
` 2895 - 2885
` 3096
14 - 21 sessions
Daily Chart
Source: Falcon (Chart Time: 12:30 IST)
Justification:
Post completing an impulsive upmove around `3434 in August 2015, the stock has been consolidating and is
trading in a falling channel. Prices are on the verge of giving breakout from the channel formed in last one
year of consolidation phase. The prices are trading above the ’89 DEMA’ support and the ‘SuperTrend’
indicator is in ‘Buy’ mode. Considering these technical evidences, we are expecting resumption of the uptrend
in the stock. Thus, traders are advised to buy the stock at current levels and on declines up to `2885 for
a target of `3096 in next 14 - 21 sessions. The stop loss for the trade set-up can be kept at `2780.
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July 28, 2016
Last 11 recommendations
Date
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Recom. Buying/Selling Range CMP Target 1
Target 2
Stop-loss
Status
26-07-16
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BUY
308-311
320
355
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286
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19-07-16
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BUY
201-199
204
222
-
188
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Dabur
SELL
310 - 313
-
291
-
321
Booked Profit at 303
18-07-16
Ceat
BUY
877-872
-
943
-
841
Exited at 875
18-07-16
M & M*
BUY
1462 - 1456
1457
1556
-
1410
Active
14-07-16
BEML
BUY
900 - 912
-
1020
-
845
Booked Profit at 992
11-07-16
Rel capital
BUY
408 - 411
-
436
-
396
Target Achieved
05-07-16
Aban Offshore
BUY
228 - 225
223
260
-
210
Active
Source: Angel Research
*Dividend of ` 12/share adjusted
Research Team Tel: 022 - 4000 3600 (Extn. 6552) Website: www.angelbroking.com Email: [email protected]
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