(Short Term Cash)
November 30, 2016
JSW Steel (NSE Cash)
BUY
` 1650
` 1720 - 1735
` 1880
14 - 21 Sessions
Daily Chart
Source: Falcon (Chart Time: 14:35 IST)
Justification:
Within a larger degree uptrend, this stock has seen a time-wise correction and has consolidated in a ‘Channel’
in last 3 months. Recently, prices have formed a ‘Higher Bottom’ within the channel and are indicating initial
signs of breakout from the higher end of the channel. The ‘Bollinger Bands’ are also widening and prices are
riding the upper band. This indicates higher probability of resumption of the uptrend in the stock which could
lead to an upmove in near term. Thus, we advise traders to buy this stock at current levels and on
declines to `1720 for a target of `1880 in coming 14 - 21 sessions. The stop loss for this trade set up
can be kept at `1650.
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November 30, 2016
Last 12 recommendations
Buying/Selling
Date
Stocks
Recom.
CMP Target 1 Target 2 Stop-loss
Status
Range
29-11-16
Biocon
BUY
896 - 902
920
990
-
853
Active
29-11-16
Castrol
BUY
395 - 398
405
428
-
381
Active
25-11-16
DHFL
BUY
232 - 235
-
265
-
218
Booked Profit at 251
25-11-16
KTK Bank
BUY
102 - 103
107
118
-
94
Active
24-11-16
HDFC Bank
BUY
1170 - 1178
1198
1259
-
1135
Active
22-11-16
Voltas
BUY
297 - 300
312
334
-
282
Active
22-11-16
Titan
BUY
306 - 310
325
348
-
289
Active
18-11-16
Heromotoco
BUY
2910 - 2930
-
3180
-
2780
Target Achieved
16-11-16
Bharti Airtel
BUY
307 - 310
325
340
-
293
Active
16-11-16
Axis Bank
BUY
469 - 473
470
515
-
449
Active
15-11-16
Maruti
BUY
4860 - 4890
-
5250
-
4670
Booked Profit at 5150
11-11-16
Reliance Ind.
BUY
1014 - 1005
990
1080
-
974
Active
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552) Website: www.angelbroking.com Email: [email protected]
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