September 30, 2016
Larsen & Toubro (NSE Cash)
SELL
` 1472
` 1412 - 1420
` 1320
5 -10 sessions
Daily Chart
Source: Falcon (Chart Time: 12:15 IST)
Justification:
Since last few weeks, the stock has been consolidating in a narrow range. In today’s session, the prices have
given breakdown from a trendline support which can be seen in the exhibit. The ‘5&20’ EMA crossover
strategy on daily charts is indicating a short term downtrend and the ‘RSI Smoothened’ oscillator is also
indicating negative momentum. Due to these reasons, we are expecting a correction in the stock in near term.
Thus, traders are advised to sell the stock at current levels and on bounce to `1420 for a target of
`1320 in next 14 - 21 sessions. The stop loss for the trade set-up can be kept at `1472.
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September 30, 2016
Last 10 recommendations
Buying/Selling
Date
Stocks
Recom.
CMP Target 1 Target 2 Stop-loss
Status
Range
29-09-16
REL Capital
SELL
542 - 538
542
498
-
561
Active
29-09-16
ACC
SELL
1588 - 1595
1588
1510
-
1633
Active
29-09-16
Mcdowell-N
BUY
2435-2420
-
2665
-
2300
SL Triggered
27-09-16
Hind Petro
SELL
433 - 435
-
410
-
445
Target Achieved
21-09-16
Titan
BUY
406 - 403
-
435
-
390
SL Triggered
20-09-16
Bajaj Auto
SELL
2880 - 2900
2834
2660
-
3010
Active
19-09-16
Lupin
BUY
1542 - 1530
-
1700
-
1455
SL Triggered
16-09-16
Maruti Suzuki
SELL
5565 - 5540
5397
5210
-
5662
Active
15-09-16
Glenmark Pharma
BUY
900 - 895
-
980
-
855
Booked Profit at 915
01-09-16
Coal India
BUY
334 - 337
-
370
-
320
SL Triggered
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552) Website: www.angelbroking.com Email: [email protected]
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