July 21, 2016
Maruti (NSE Cash)
SELL
` 4528
` 4430 - 4440
` 4260
5 - 10 sessions
Daily Chart
Source: Falcon (Chart Time: 13:40 IST)
Justification:
Since last four months, the stock is trading in a rising channel. Recently, the stock has formed a ‘Shooting
Star’ candlestick pattern near the resistance end of the channel. The mentioned pattern is a trend reversal
pattern and breach of low price of the pattern indicates probability of a corrective move in the stock. On basis
of the mentioned reversal signal, we are anticipating a corrective move in the stock within the uptrend. Thus,
traders can sell the stock at current levels and on a bounce up to `4440 for a target of `4260 in next 5
- 10 sessions. The stop loss for the trade set-up can be kept at `4528.
1
July 21, 2016
Last 9 recommendations
Date
Stocks
Recom. Buying/Selling Range CMP Target 1
Target 2
Stop-loss
Status
20-07-16
Motherson Sumi
BUY
308-311
313
355
-
286
Active
20-07-16
Havells
BUY
366-363
369
390
-
351
Active
19-07-16
Mcleod Russel
BUY
201-199
206
222
-
188
Active
19-07-16
Dabur
SELL
310 - 313
307
291
-
321
Active
18-07-16
Ceat
BUY
877-872
886
943
-
841
Active
18-07-16
M & M*
BUY
1462 - 1456
1440
1556
-
1410
Active
14-07-16
BEML
BUY
900 - 912
958
1020
-
845
Active
11-07-16
Rel capital
BUY
408 - 411
404
436
-
396
Active
05-07-16
Aban Offshore
BUY
228 - 225
224
260
-
210
Active
Source: Angel Research
*Dividend of ` 12 adjusted
Research Team Tel: 022 - 4000 3600 (Extn. 6552/54) 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