(Short Term Cash)
November 11, 2016
Just Dial (NSE Cash)
` 375
` 398 - 404
` 449
14 - 21 sessions
Daily Chart
Source: Falcon (Chart Time: 14.35 IST)
We have witnessed massive price erosion in the stock since last few months. Due to this vertical fall, the stock
prices retested February month lows. The price development in previous three sessions has resulted into a
formation ‘Island Reversal’ pattern, which now has a bullish implication. Now, any minor reversal in
momentum oscilatiors would lead to a strong bounce in prices in the upward direction. The notable
observation would a volume activity which has picked up in last couple of days. Considering these
observations, traders are advised to buy this stock at current levels and on a decline up to `398 for a
target of `449 in coming 14-21 sessions. The stop loss for this trade set up can be kept at `449.
November 11, 2016
Last 4 recommendations
CMP Target 1 Target 2 Stop-loss
Reliance Ind.
1014 - 1005
1348 - 1355
908 - 912
SL triggered
Max Fin.Ser.
575 - 571
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552) Website: www.angelbroking.com Email: [email protected]
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