(Short Term Cash)
December 15, 2016
Indo Count Industries Ltd (ICIL) (NSE Cash)
BUY
` 156
` 162 - 163
` 176
14 - 21 Sessions
Weekly Chart
Source: Falcon (Chart Time: 10:05 IST)
Justification:
The stock has seen decent price as well as time correction in last ten months. From last three weeks, stock is showing
some sign of strength and as a result the stock managed to close above the ‘Falling Trend line’ breakout level on
weekly chart. While on daily chart, the stock had given a breakout from ‘Double Bottom’ pattern. The ‘RSI’ oscillator
has given positive divergence and heading northwards on both daily and weekly chart, indicating reversal on cards.
Also, the set of moving average (E5, E20 and E89) are placed positively on both daily and weekly chart and thus
showing strength in the counter. Considering above technical evidences, we are expecting an upmove in the stock in
near term. Thus, we advise traders to buy this stock at current levels and on declines to `162 for a target of `176 in
coming 14 - 21 sessions. The stop loss for this trade set up can be kept at `156.
1
December 15, 2016
Last 14 recommendations
Date
Stocks
Recom. Buying/Selling Range CMP
Target 1
Target 2
Stop-loss
Status
14-12-16
KPIT Tech
BUY
135 - 136
139
147
-
129.50
Active
08-12-16
Titagarh Wagon
BUY
113 - 114
117.30
130
-
105
Active
08-12-16
SAIL
BUY
53 - 53.70
53.30
60
-
50.20
Active
08-12-16
Tata MTR DVR
BUY
297 - 301
304
324
-
288
Active
06-12-16
Tata Chem
BUY
484 - 488
477
524
-
467
Active
05-12-16
M&M
BUY
1170 - 1180
1191
1280
-
1130
Active
05-12-16
M&M Fin
BUY
267-270
-
295
-
255
Booked at 289.50
05-12-16
Asian Paints
BUY
912 - 918
914
1008
-
868
Active
29-11-16
Biocon
BUY
896 - 902
932
990
-
853
Revised SL to 912
29-11-16
Castrol
BUY
395 - 398
-
428
-
381
SL Triggered
25-11-16
KTK Bank
BUY
102 - 103
-
118
-
94
Booked at 112.80
24-11-16
HDFC Bank
BUY
1170 - 1178
1181
1259
-
1135
Active
22-11-16
Voltas
BUY
297 - 300
324
334
-
282
Revised SL to 314
22-11-16
Titan
BUY
306 - 310
-
348
-
289
Booked at 329
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