(Short Term Cash)
January 09, 2017
Strides Shasun Ltd (STAR) (NSE Cash)
1115 - 1125
14 - 21 Sessions
Source: Falcon (Chart Time: 10:00 IST)
The stock is moving in a sideways direction from last 10 months and making ‘Higher Lows Lower Highs’ on daily chart.
Today, the stock is giving breakout on both daily as well as weekly chart. The breakout is supported by healthy
volumes, which further validates the criteria of the breakout. The ‘RSI’ oscillator has rebounded from bullish support of
40 levels and now giving a ‘Falling Trend line Breakout’ on daily chart, indicating strength in the counter. Since, the
‘Moving Averages’ (E5, E20 and E89) and ‘Parabolic SAR’ are placed positively along with above technical evidences, we
are expecting an upmove in the stock in near term.
Thus, we advise traders to buy this stock at current levels and on
1115 for a target of
1216 in coming 14 - 21 sessions. The stop loss for this trade set up can be kept at
January 09, 2017
Last 11 recommendations
Recom. Buying/Selling Range CMP
192 - 195.50
331 - 334
270 - 273
1117 - 1125
433 - 437
75 - 75.50
429 - 433
Booked Profit at 456
Bank of India
2845 - 2855
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552) Website:
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