August 12, 2016
SAIL (NSE Cash)
BUY
` 42.50
` 46.20 - 46
` 52
14 - 21 sessions
Daily Chart
Source: Falcon (Chart Time: 09:40 IST)
Justification:
In last six months, we have seen a tremendous underperformance from this stock as compared to its peer
counters. However, if we look at the weekly chart, the stock has managed to confirm a ‘Higher Top Higher
Bottom’ formation, which is a sign of medium term up trend. The ‘Super Trend’ indicator too is in ‘buy’ mode
since last five weeks. Now, on daily chart, we are seeing some encouraging signs as the stock prices have
managed to find a resistance around the ’89 EMA’ placed around 45. In addition, yesterday’s candle can be
termed as a ‘Dragonfly Doji’ pattern. Combining these few observations, traders are advised to buy the stock
at current levels and on a correction up to `46 for a target of `52 in next 14 - 21 sessions. The stop loss for
the trade set-up can be kept at `42.50.
1
August 12, 2016
Last 6 recommendations
Date
Stocks
Recom. Buying/Selling Range
CMP Target 1
Target 2
Stop-loss
Status
10-08-16
IFCI
BUY
26.80 - 26.50
26.30
30.50
-
24.90
Active
09-08-16
JSW Energy
BUY
85.25 - 84.50
-
101
-
77
SL triggered
05-08-16
GAIL
BUY
380 - 377
376
400
-
369
Active
05-08-16
BHEL
BUY
138 - 137
139
153
-
131
Active
20-07-16
NCC
BUY
82 - 80
79
98
-
74
Active
18-07-16
M & M**
BUY
1462 - 1456
1444
1556
-
1410
Active
Source: Angel Research
**Dividend of ` 12/share adjusted
Research Team Tel: 022 - 4000 3600 (Extn. 6552) 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