(Short Term Cash)
October 27, 2016
Shriram Trans.Fin. (NSE Cash)
SELL
` 1146
` 1110 - 1100
` 1030
5 - 10 Sessions
Daily Chart
Source: Falcon (Chart Time: 10:00 IST)
Justification:
The stock has recently been forming a ‘Lower Top Lower Bottom’ structure on daily chart. In today’s session,
the prices have given breakdown from a multiple support zone which can be seen in the exhibit. The ‘RSI
Smoothened’ oscillator has been heading southwards and the price movement too is indicating negative
momentum. Since, ‘Moving Averages’ are also placed negatively along with other evidences; we are expecting
correction in the counter in near term. Thus, traders are advised to sell the stock at current levels and on
bounce to `1110 for a target of `1030 in next 5-10 sessions. The stop loss for the trade set-up can be
kept at `1146.
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October 27, 2016
Last 9 recommendations
Buying/Selling
Date
Stocks
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CMP Target 1 Target 2 Stop-loss
Status
Range
25-10-16
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123 - 124
125
140
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115
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24-10-16
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83 - 82
85
96
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76
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780 - 785
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830
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763
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KPIT Tech
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140 - 141
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156
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132
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20-10-16
Idea
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75 - 74
78
92
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67
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17-10-16
MCDOWELL-N
BUY
2430 - 2420
-
2620
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2320
SL Triggered
14-10-16
CESC
SELL
594 - 598
603
545
-
625
Active
10-10-16
Bata
BUY
504 - 500
-
554
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475
SL Triggered
04-10-16
Capital First
BUY
735 - 730
-
860
-
670
Profit Booked at 752
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552) Website: www.angelbroking.com Email: [email protected]
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