(Short Term Cash)
November 11, 2016
Reliance Ind (NSE Cash)
BUY
` 974
` 1014 - 1005
` 1080
14 - 21 sessions
Daily Chart
Source: Falcon (Chart Time: 13.25 IST)
Justification:
This stock has been trading in a ‘Rising Channel’ since last few months. Post the recent corrective move, the
prices are now trading near the lower end of the channel. Prices are currently fluctualting around the ‘200
SMA’ on daily charts and the ‘RSI Smoothened’ oscillator is trading in oversold zone. Hence, we are expecting
a pullback move in the stock in near term. Considering these observations, traders are advised to buy this
stock at current levels and on a decline up to `1005 for a target of `1080 in coming 14-21 sessions. The
stop loss for this trade set up can be kept at `974.
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November 11, 2016
Last 8 recommendations
Buying/Selling
Date
Stocks
Recom.
CMP Target 1 Target 2 Stop-loss
Status
Range
11-11-16
BEL
BUY
1355 - 1349
1323
1460
-
1288
Active
10-11-16
UBL
BUY
912 - 908
886
966
-
871
Active
10-11-16
Max Fin.Ser.
BUY
575 - 571
557
645
-
533
Active
08-11-16
CRISIL
BUY
2190 - 2210
-
2350
-
2140
SL Triggered
03-11-16
BPCL
SELL
650 - 655
-
612
-
672
SL Triggered
02-11-16
Maruti Suzuki
SELL
5790 - 5820
-
5460
-
5982
Target Achieved
02-11-16
PFC
SELL
119.50 - 120
-
112.50
-
123.80
Booked Profit at 113.90
27-10-16
Shriram Transport
SELL
1110 - 1100
-
1030
-
1146
Target Achieved
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552) Website: www.angelbroking.com Email: [email protected]
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