September 07, 2016
Motherson Sumi (NSE Cash)
BUY
` 316
` 330 - 327
` 354
14- 21 Sessions
Daily Chart
Source: Falcon (Chart Time: 13:25 IST)
Justification:
The stock has maintained a ‘Higher Top Higher Bottom’ structure since last few months. Recently, post
registering high around `358, the stock has corrected and has retraced 50% of the previous upmove. Since
last few trading sessions, the prices have consolidated around the support zone. The ‘Parabolic SAR’ indicator
in weekly charts is in ‘BUY’ mode. The ‘RSI’ has given positive crossover in its bull market zone, indicating
probability of pick up in positive momentum in near term. Considering above technical evidences, traders
are advised to buy the stock at current levels and on declines to `327 for a target of `354 in next 14 -
21 sessions. The stop loss for the trade set-up can be kept at `316.
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September 07, 2016
Last 10 recommendations
Date
Stocks
Recom. Buying/Selling Range CMP Target 1
Target 2
Stop-loss
Status
07-09-16
LIC HSG Fin
SELL
587 - 590
589
550
-
607
Active
02-09-16
Just Dial
BUY
475 - 479
514
549
-
444
Revise SL to 478
02-09-16
Ceat
BUY
920 - 915
-
1010
-
867
Profit Booked at 992
01-09-16
Coal India
BUY
334 - 337
331
370
-
320
Active
30-08-16
Sun Pharma
BUY
765 - 761
782
818
-
733
Active
29-08-16
ICICI Bank
BUY
251 - 249
-
272
-
239
Profit Booked at 267
22-08-16
Jain Irrigation
BUY
81 - 80
-
98
-
71
Profit Booked at 94
18-08-16
NMDC
BUY
106.50-105
108
121
-
98
Active
17-08-16
Titan
BUY
409 - 405
-
443
-
389.50
Target Achieved
05-08-16
BHEL
BUY
138 - 137
135
153
-
131
Active
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552) Website: www.angelbroking.com Email: [email protected]
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