(Short Term Cash)
January 16, 2017
DLF Ltd (NSE Cash)
BUY
` 122
` 127 - 128.25
` 139
14 - 21 Sessions
Hourly Chart
Source: Falcon (Time : 09:30 IST)
Justification:
Recently, the stock had good rally from `101 to `129.25. Post the rally, the stock has started moving in sideways
direction. The consolidation of last six sessions has resulted into formation of a ‘Bullish Flag’ pattern on hourly chart.
Today, we are witnessing a breakout in early trades with huge volumes, which further validates the criteria of a
breakout. The mentioned pattern is a bullish continuation pattern and thus a stock is expected to continue the upward
momentum in upcoming sessions too. The ‘RSI - smoothened’ oscillator is heading northwards on hourly chart,
indicating strength in the counter. Since, the ‘Parabolic - SAR’ and the set of moving averages (E5, E20 and E89) are
placed positively along with above technical evidences; we are expecting resumption in the upward trend in the stock.
Thus, we advise traders to buy this stock at current levels and on declines to `127 for a target of `139 in coming 14 -
21 sessions. The stop loss for this trade set up can be kept at `122.
Jay Kumar Purohit
022-3935 7600 Extn: 6844
[email protected]
1
January 16, 2017
Last 12 recommendations
Date
Stocks
Recom. Buying/Selling Range CMP
Target 1
Target 2
Stop-loss
Status
12-01-17
Tata Comm
BUY
652 - 656
673
723
-
623
Active
11-01-17
DHFL
BUY
258 - 260
271
279
-
248
Active
10-01-17
Apollo Tyres
BUY
190 - 192
185.50
207
-
184.50
Active
09-01-17
Strides Shasun
BUY
1115-1125
-
1216
-
1074
Profit Booked at 1174
06-01-17
Motherson Sumi
BUY
331-334
329.50
364
-
318
Active
06-01-17
Fortis Healthcare
BUY
192 - 195.50
193
220
-
182
Active
04-01-17
TVS Motor
BUY
372-375
381
400
-
359
Active
03-01-17
BEL
BUY
1396-1404
-
1504
-
1348
Target Achieved
02-01-17
Container Corp
BUY
1117 - 1125
-
1208
-
1078
Target Achieved
02-01-17
GAIL
BUY
433 - 437
452
470
-
418
Active
28-12-16
Bank of India
BUY
105-106
-
117
-
99.50
Profit Booked at 114
27-12-16
Britannia
BUY
2845 - 2855
2932
3030
-
2747
Active
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552) Website: www.angelbroking.com Email: [email protected]
DISCLAIMER
Angel Broking Private Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited,
Bombay Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL
and Portfolio Manager with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking Private Limited is a
registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration number
INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing
/dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed or co-managed public
offering of securities of the company covered by Analyst during the past twelve months.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the
contrary view, if any.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Pvt. Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
Angel Broking Pvt. Limited has not independently verified all the information contained within this document. Accordingly, we cannot
testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document.
While Angel Broking Pvt. Limited endeavors to update on a reasonable basis the information discussed in this material, there may be
regulatory, compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Pvt. Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from
or in connection with the use of this information.
2