(Short Term Cash)
January 02, 2017
Container Corp. (NSE Cash)
BUY
` 1078
` 1117 - 1125
` 1208
14 - 21 Sessions
Weekly Chart
Dragonfly
Doji
Previous low acted as a support
Source: Falcon (Chart Time: EOD as on Dec.30, 2016)
Justification:
We have seen a relentless fall in this stock from November month high of 1434.50 and it seems that the stock is in a
process of forming a strong base around February 2016 lows of 1046.91. Last week, we witnessed a formation of
‘Dragonfly Doji’ pattern precisely after retesting mentioned support level and thereby confirms early signs of ‘Double
Bottom’ on weekly chart. Now, if we meticulously observe the hourly chart, the structure is quite encouraging as the
volume activity picked up during small up ticks in prices. More importantly, the ‘RSI-Smoothened’ has started moving
northwards. Hence, traders are advised to buy this stock at current levels and on declines to `1078 for a target of
`1208 in coming 14 - 21 sessions. The stop loss for this trade set up can be kept at `1078.
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January 02, 2017
Last 12 recommendations
Buying/Selling
Date
Stocks
Recom.
CMP Target 1 Target 2 Stop-loss
Status
Range
02-01-17
GAIL
BUY
433 - 437
441
470
-
418
Active
30-12-16
Adani Ent.
BUY
75 - 75.50
77
85
-
70
Active
28-12-16
Bata India
BUY
429 - 433
447
464
-
415
Active
28-12-16
Bank of India
BUY
105-106
107
117
-
99.50
Active
27-12-16
Exide
BUY
174 - 176
181
190
-
168
Active
27-12-16
Britannia
BUY
2845 - 2855
2872
3030
-
2747
Active
27-12-16
Bharat Forge
BUY
880 - 887
926
944
-
854
Active
27-12-16
Jubilant Food
BUY
780 - 790
859
895
-
730
Active
22-12-16
BEML
BUY
948 - 954
992
1024
-
913
Active
14-12-16
KPIT Tech
BUY
135 - 136
134
147
-
129.50
Active
06-12-16
Tata Chem
BUY
484 - 488
511
524
-
467
Active
05-12-16
M&M
BUY
1170 - 1180
-
1280
-
1130
Exited at 1177
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552) Website: www.angelbroking.com Email: [email protected]
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